Bahrain's BBK executes a buying transaction equivalent to 22.75% of total shares of Takaful International

Bahrain's BBK executes a buying transaction equivalent to 22.75% of total shares of Takaful International.

  
07 May 2017

BBK, Bahrain’s pioneer in retail and commercial banking, announced that it successfully executed a large trade on the Bahrain Bourse on behalf of its client through BBK Brokerage Services.

The Bank represented one if its main institutional client, buying a total of 14,220,486 ordinary shares of Takaful International B.S.C which is equivalent to 22.75% of the total shares of Takaful International B.S.C.

Commenting on the successful trade, BBK’s Chief Executive Mr Reyadh Yousif Sater said: "Through such transactions, we are happy to reinforce the Bank's brokerage services at the Bahrain Bourse, and maintain BBK’s position as one of the top performers in terms of value and volume. By the same, we strengthen our partnership with the Bahrain Bourse, while further supporting Bahrain’s vision as the regional financial hub.”

BBK’s Brokerage  Services Unit played a major role in placing the Bank as one of the leading Brokerage houses in the Bahrain Bourse. Through its professional team lead by Mr. Zuhair Al-Murbati, it offers extensive brokerage services to its clients by providing on-spot market updates, and other value added services. This is in addition to the efficient handling of block deals for its clients as well as providing them access to regional stock markets.

-Ends-

About BBK
BBK has been the pioneer in Commercial Banking for 46 years in the Kingdom of Bahrain. As a revolutionary market leader, BBK has built a name and reputation which is respected locally as well as internationally. To maintain this reputation, BBK has been at the forefront, incorporating the latest technologies to provide the finest services. One example of which is the e-banking solutions offered by BBK, which provide new generation services through its user friendly award winning website www.bbkonline.com , along with the telebanking, cash depository machines and automated teller machines services. BBK is proud to be honored for its Corporate Governance by the “Hawkamah” Institute for the 4th consecutive year. This award has become a prestigious, competitive and highly coveted bank award that highlights the industry’s strong commitment to good corporate governance. Aside from many industry related awards, BBK is ISO 27001 & ISO 22301 certified for its Information Security Management System (ISMS) and Business Continuity Management System (BCMS).

For Media Enquiries, you may contact:
Dalal Al Absi
Officer
BBK- Corporate Communications Department
P.O. Box 597 
Kingdom of Bahrain
Tel:17207181
Fax:17215587
email: Dalal.alabsi@bbkonline.com   
Website : www.bbkonline.com

© Press Release 2017

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