The inauguration of the New Customer Service Centre came simultaneously with Solidarity's pursuit to raise its paid up capital to US$ 275 million. Solidarity's CEO has announced earlier the completion of the first phase of capital increase that amounted for US$ 50 million from Right Issues. Besides, Solidarity will complete the second and final phase of capital increase that will amount for US$ 125 million from Private Placement by this year.
Since inception, Solidarity focus was to offer protection and financial Sharia'h compliant solutions to fulfill the changing needs of individuals, families and businesses. The opening of the new Customer Service Center at Reef Mall assures the company's commitment for further growth in the local and regionally markets.
Sameer Ebrahim AL Wazzan, Solidarity's CEO, commented saying:
"Islamic financial services, in general, have witnessed a significant growth in the last few years in the Kingdom of Bahrain. Takaful providers have reacted positively to this growth by directly responding to the growing demand for saving, investment and protection products. Solidarity, in particular, realized the scope of this unique and ever-expanding Islamic system of insurance and assurance; and hence combined efforts to deliver a vast range of Takaful solutions with the best standards of services possible to satisfy the needs of individuals, families and businesses."
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Posted by Anne-Birte Stensgaard, Senior News Editor
