BBK brokers a sale of a 10% stake in Takaful International BSC

07 Apr 2015

​BBK, Bahrain’s pioneer in retail and commercial banking, has announced that it successfully executed a large trade on the Bahrain Bourse on behalf of its client through BBK Brokerage Services – a division of BBK.

BBK Brokerage Services represented its GCC based institutional client in a sell-side broker for the total of 6,742,504 ordinary shares of Takaful International B.S.C which is equivalent to 10.7% per cent of the total outstanding shares of Takaful International B.S.C.

Commenting on the successful brokerage of the sale, BBK’s Chief Executive A.Karim Bucheery said: “We always aim to support the local market and our clients with all our services. Such transactions reinforce the bank’s brokerage services position at the Bahrain Bourse as one of the top performers in terms of value and volume. We will continue to bolster our brokerage unit and working hand-in-hand with the Bahrain Bourse to further support Bahrain’s vision to sustain its position as a regional financial hub and drive the country’s growth even further. It is also worth mentioning that we have been responsible for executing a deal to sell a 51% stake of The Bahrain Islamic Bank (BisB) in 2013 which was one of the largest deals on the Bahrain Bourse. ”

BBK Brokerage Services said having established itself as one of the leading brokerage houses in the local stock market, it is also expanding its brokerage business by providing clients’ with access to regional stock markets.

BBK Brokerage Services has also played a major role in placing the Bank as one of the leading Brokerage houses in the Bahrain Bourse; the Bank’s Brokerage Unit through its professional team lead by Mr. Zuhair Al-Murbati has been extending extensive Brokerage services to its clients’ by providing on-spot market updates, and other value added services. This is in addition to the efficient handling of block deals for its clients.

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