Bahrain-Mubasher: Bahrain Bourse on Sunday completed the sale of 18.84 million shares, representing 30% of Takaful International's capital, in an auction at BHD 100 fils each.

The bourse earlier announced that the shares would be sold in a lump sum to one investor or an alliance of investors at a basis price of 100 fils each. 

The company posted nearly BHD 844,000 net losses for the fiscal year 2014,against around BHD 231,000 earnings a year earlier.

Takaful International operates with BHD 6.25 million capital, divided into 62.5 million shares at BHD 0.1 par value each.