VOL. XXXIX

No. 34

20-May-1996

BAHRAIN

ARIG Reports $37Mn Net Profit In 1995

The Arab Insurance Group (ARIG) - one of the Arab World's largest insurance companies - has reported an 82% increase in its net profit to $36.5mn in 1995 from $20.1mn in 1994. ARIG's total assets rose to $824mn in 1995 from $724mn in 1994 and its cash flow trebled during the period under review. The Bahrain-based company, capitalized at $250mn, was founded in 1980 by Kuwait, the UAE and Libya, with equal...