{"id":97881,"date":"2024-11-14T00:00:00","date_gmt":"2024-11-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/solidarity-bahrain-acquires-25-stake-in-alliance-ins\/"},"modified":"2024-11-14T00:00:00","modified_gmt":"2024-11-14T00:00:00","slug":"solidarity-bahrain-acquires-25-stake-in-alliance-ins","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/11\/14\/solidarity-bahrain-acquires-25-stake-in-alliance-ins\/","title":{"rendered":"Solidarity Bahrain acquires 25% stake in Alliance Ins."},"content":{"rendered":"

Solidarity Bahrain snags 25% stake in Alliance Ins.: <\/strong>Bahrain-based ins. company Solidarity<\/a>Bahrain<\/a> acquired a 25% stake in DFM-listed Alliance Ins.<\/a> for AED 112.5 mn, according to a disclosure (pdf)<\/a> to the Bahrain Bourse. The transaction received approval from both the Central Bank of the UAE and the Central Bank of Bahrain.<\/p>\n

The details:<\/strong> Solidarity purchased 250k shares at AED 450 per share, funding the transaction through a mix of debt and equity.<\/p>\n

What they said: <\/strong>\u201cThe acquisition presents a strategic [window] for Solidarity Bahrain to establish a strong presence in the UAE, leveraging Alliance\u2019s established market position,\u201d the statement reads.<\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction was valued at AED 112.5 mn<\/p>\n","protected":false},"author":1,"featured_media":97882,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[7,132,1344,60],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-97881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseam-uae","tag-insurance","tag-ma","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"50007224-5e29-42da-9dac-b64519db9c0d","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/958.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Solidarity Bahrain acquires 25% stake in Alliance Insurance","related_issue":[97874],"teaser":"The transaction was valued at AED 112.5 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.e115f524-e101-4077-b1cd-a8b7f35ab816.mp3"},"yoast_head":"\nSolidarity Bahrain acquires 25% stake in Alliance Ins. - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/14\/solidarity-bahrain-acquires-25-stake-in-alliance-ins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solidarity Bahrain acquires 25% stake in Alliance Ins.\" \/>\n<meta property=\"og:description\" content=\"The transaction was valued at AED 112.5 mn\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/14\/solidarity-bahrain-acquires-25-stake-in-alliance-ins\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-14T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/958.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/14\/solidarity-bahrain-acquires-25-stake-in-alliance-ins\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/14\/solidarity-bahrain-acquires-25-stake-in-alliance-ins\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Solidarity Bahrain acquires 25% stake in Alliance Ins.\",\"datePublished\":\"2024-11-14T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/14\/solidarity-bahrain-acquires-25-stake-in-alliance-ins\/\"},\"wordCount\":105,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/14\/solidarity-bahrain-acquires-25-stake-in-alliance-ins\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/958.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM UAE\",\"insurance\",\"M&A\",\"M&A WATCH\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/14\/solidarity-bahrain-acquires-25-stake-in-alliance-ins\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/14\/solidarity-bahrain-acquires-25-stake-in-alliance-ins\/\",\"name\":\"Solidarity Bahrain acquires 25% stake in Alliance Ins. - 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