Solidarity Group Holding, one of the world’s largest takaful groups, held its ordinary and extraordinary general assembly meetings for the financial year ended December 31, 2023.
The meetings were chaired by vice-chairman of the board of directors Zayed Al Amin and attended by shareholders, board of directors, regulatory authorities, external auditors, and the chairman of the Sharia Supervisory Board.
The annual general assembly meetings commenced with the approval of the agenda items, along with the financial statements for the year ended December 31, 2023.
Commenting, Mr Al Amin said: “We are proud of the accomplishments we have achieved over the past year, including the successful completion of Solidarity Bahrain’s acquisition of Al Hilal Life and its subsidiary Al Hilal Takaful. The acquisition contributed to consolidating our leading position in the insurance sector and enhancing our shareholders’ confidence in us, which improves the financial clarity of the combined entity overall.”
Group chief executive Ashraf Bseisu said: “We are pleased to witness positive results of the meetings and the consistent support from the group’s shareholders. We reaffirm our constant efforts to create sustainable value for our shareholders and are committed to providing innovative customer-focused takaful solutions, whilst continuing to follow the growth and expansion approach to accomplish the strategic objectives of the group.”
Solidarity Group Holding holds a strong track record of performance and a solid presence in the takaful industry. The group’s focus on innovation, customer satisfaction, and stakeholder value has helped the company establish itself as a leader in the market.
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