VOL. XLI
No. 12
23-March-1998
KUWAIT
Two Insurance Firms To Merge In Kuwait
Two of Kuwait's biggest insurance firms announced on 15 March that they will merge,without disclosing any time-frame for the merger. The Bahrain Insurance Company andNational Insurance Company said they will form the Bahrain National Insurance Company withan authorized capital of BD20mn ($53mn), of which BD8.5mn ($22.5mn) is paid-in capital.The merger is still subject to approval by the Bahraini Government and the...
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