Solidarity Bahrain

What Solidarity Bahrain does

Solidarity Bahrain is a Bahraini insurance provider operating as a subsidiary of Solidarity Group Holding, a diversified Bahraini conglomerate. Founded in 1976 and headquartered in Manama, the company offers a consolidated product portfolio spanning Motor, Health, Life, Travel, and Business insurance lines, with a Sharia-compliant Takaful franchise added through the mergers and acquisitions of Al Hilal Life, Al Hilal Takaful, and YAS Takaful between 2023 and 2024. The company serves both individual consumers and businesses in Bahrain, with an articulated intent to extend operations into Kuwait and other regional Gulf markets.

The business model is built on recurring insurance premiums across diversified lines, supplemented by group-level synergies from Solidarity Group Holding. Growth has been executed predominantly through inorganic means: five M&A or merger transactions completed between late 2023 and mid-2025, including the acquisitions of Bahrain National Insurance and Bahrain National Life Assurance, and the regulatory-approved merger of Al Hilal Life and Al Hilal Takaful. To fund this consolidation, the company completed a $114 million Tier 2 Capital issuance in August 2025 (arranged by Al Salam Bank and ASB Capital) and settled a BD58 million (~$154 million) Islamic Murabaha facility with Bank of Bahrain and Kuwait in September 2025.

For FY2025, the company reported BD8.724 million (~$23 million) in net profit attributable to shareholders, up 27% year-over-year, and proposed a BD25 fils per share cash dividend subject to regulatory approval. The go-to-market is a hybrid of traditional agency/broker distribution and direct enterprise sales, with a regional distribution footprint expanded through the acquired entities. Technology is conventional insurance product delivery rather than digital-native; there is no disclosed AI/ML capability, and the public-facing digital presence is a corporate website with standard web analytics instrumentation.

Name

Solidarity Bahrain

Legal name

Solidarity Bahrain

Website

https://solidarity.com.bh

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

101–250 employees

Short description

Solidarity Bahrain is a Bahrain-based insurance subsidiary of Solidarity Group Holding offering Motor, Health, Life, Travel, Business, and Takaful (Islamic) insurance to individuals and businesses, executing an aggressive regional consolidation strategy funded by $268M+ of recent capital actions.

Ownership category

akta.pro rank

Product category

Insurance Services

akta.pro primary industry

Takaful Bancassurance (Islamic Insurance Distribution) (FSABAGAM)

Keywords

• Insurance services
• Motor insurance
• Health insurance
• Takaful products
• Business insurance

Headquarters

HQ city

Sitrah

HQ country

Bahrain

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Insurance Premiums: Solidarity Bahrain generates revenue through insurance premiums across multiple product lines including motor, health, life, travel, and business insurance. The company also develops Takaful (Islamic insurance) products.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Solidarity Bahrain is a Bahraini insurance provider offering motor, health, life, travel, and business insurance products to individuals and corporate clients. The company also provides Sharia-compliant Takaful products developed through a merger with Al Hilal Takaful, serving the Bahraini market since 1976.

Product overview

Solidarity Bahrain is an insurance provider offering a unified portfolio of insurance products. The core offerings include Motor, Health, Life, Travel, and Business insurance. Following the 2024 merger with Al Hilal Life and Al Hilal Takaful, the company expanded its portfolio to include Takaful (Islamic insurance) products. The company is a subsidiary of Solidarity Group Holding and operates as part of a broader consolidation strategy within the Bahraini insurance market.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Insurance

Quantifiable outcome

• 27% increase in net profit for 2025
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Al Hilal Life and Al Hilal TakafulcoreStrategic or Co-development Partner · 19 August 2024Solidarity Bahrain completed the merger of Al Hilal Life and Al Hilal Takaful following regulatory approval. The merger aims to expand the company's presence in the regional insurance market, including entering Kuwait, and to develop its Takaful products.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Gulf Insurance Group (GIG) Bahrain: GIG Bahrain is one of the largest multi-line insurers in Bahrain offering motor, health, life, and corporate coverage, directly competing with Solidarity across the same product portfolio and customer segments in the Bahraini market.
• Bahrain National Insurance (BNI): BNI is a Bahraini general insurer and acquisition target of Solidarity that offers motor, health, marine, and business lines—essentially the same core insurance products, making it the closest comparable local competitor.
• AXA Insurance Gulf: AXA Gulf offers motor, health, life, and travel insurance in Bahrain and the wider GCC, serving the same retail and corporate customer base with comparable product lines including group life and medical coverage.
• SABB Takaful (HSBC affiliate): SABB Takaful provides family and medical Takaful products in Saudi and the Gulf, directly competing with Solidarity's Takaful book for Sharia-compliant insurance customers and bancassurance distribution.
• Bupa Arabia: Bupa Arabia is a leading GCC health and medical insurer with significant regional scale, comparable to Solidarity's health-insurance segment and competing for the same corporate and individual medical-insurance customers across the Gulf.
• Saudi Enaya Cooperative Insurance: Enaya is a publicly listed Saudi cooperative (Takaful-style) insurer offering health and general insurance, a strong analog for Solidarity's Takaful and multi-line insurance strategy in a neighboring GCC market.
• Bahrain National Holding (BNH): BNH is the parent of Bahrain National Insurance and a key part of Solidarity's acquisition strategy; it is a domestic multi-line insurer directly competing in motor, health, and general insurance in Bahrain.

Regional players

• Walaa Cooperative Insurance (Saudi): Walaa is a major GCC cooperative insurer active in Saudi Arabia offering motor, health, and general lines relevant to Solidarity's regional expansion ambitions, though operating primarily outside Bahrain.
• Al Etihad Cooperative Insurance: Al Etihad is a listed Saudi cooperative insurer providing motor, medical, and life coverage, comparable in product mix to Solidarity but serving the Saudi rather than Bahraini market.

Emerging players

• Al Salama Insurance (IsDB subsidiary): Al Salama is an Islamic insurance (Takaful) provider in the GCC with multi-line offerings, making it a comparable Takaful peer as Solidarity scales its post-merger Islamic-insurance portfolio across the region.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/insuringbahrain

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Solidarity Bahrain