Bahrain National Holding profits slightly up
The net profits of the Bahrain National Holding (BNH) company rose a slight 2.4 percent in financial year 2002. The financial firm reported a net income of 1.93 million Bahraini dinars ($5.11 million) for 2002.
BNH’s gross written premiums from general and life business reached BD16.72 million in 2002, representing a 53 percent year-on-year rise.
BNH, the asset management and corporate arm of the Bahrain National Insurance (BNI) group, is a public company listed in the Bahrain Stock Exchange (BSE). The BNI group is the largest direct insurer in Bahrain. — (menareport.com)
© 2003 Mena Report (www.menareport.com)