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Al Ahlia Insurance receives Solidarity’s acquisition offer

Al Ahlia Insurance receives Solidarity’s acquisition offer
(Photo credit: Al Ahlia Insurance)
Solidarity Bahrain
SOLID
1.16% 0.43 0.01

Mubasher: Al Ahlia Insurance Company said Monday that it has received an offer from Solidarity Group Holding to acquire up to 100% of its issued and paid-up ordinary shares.

The offer stipulates a minimum acquisition of 51% of Al Ahlia Insurance shares, according to a bourse filing.

The stock was last traded at BHD 0.26% before suspending trading on 26 October.