Solidarity participates in the activities of Ithmaar Group Yella Bahrain 2007 and Al Wazzan announces exclusive sponsorship

Notes and media contacts

For more information, please contact:
May Marzooq - Marketing Communications Officer
Tel: +973 17 578777
Fax: +973 17 578787


ABOUT SOLIDARITY:
Established as one of the leading companies in the Arab world with US$ 100,000,000 in paid up capital, Solidarity is poised to become the largest Takaful Company in the world and has received a capital injection of US $200 million increasing their authorized capital from US $300 million to US $500 million. The capital increase was approved at the company's Annual General Meeting held in the Kingdom of Bahrain.

Solidarity was established according to the laws and regulations of Bahrain with the principal objective of providing Sharia'a compliant Takaful products throughout the GCC countries, Middle East, Europe and Asian countries.

Solidarity was set up in response to the increased demand for Family Takaful and General Takaful products taking into account the increased growth and demand for the unique Islamic insurance (Takaful). Solidarity has dedicated all its resources to go ahead as a pioneering Company offering a wide range of savings opportunities and prudent investment that enjoy Takaful protection benefits - that ensure peace of mind - to meet special requirements such as retirement, increase of capital and education in addition to individual and family investment schemes. In addition to Family Takaful schemes, Solidarity offers security and protection against various kinds of possible risks by offering General Takaful products such as motor and household Takaful, property, health and Marine Takaful covers.

About Ithmaar Group:
Ithmaar Group of companies include five Bahrain based financial institutions: Ithmaar Bank, a leading investment bank with a global reach; Shamil Bank of Bahrain, a premier Islamic commercial, retail and investment bank; Solidarity, one of the largest Takaful (Islamic Insurance) companies in the world; First Leasing Bank, dedicated exclusively to equipment leasing throughout the GCC countries and Ithmaar Development Company, developers and managers of Ithmaar Bank's infrastructure development projects in the GCC.