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Friday, November 27 - 2009

Solidarity opens new Custoner Service Center in Reef Mall

In quest of expanding its presence in the Kingdom of Bahrain and providing distinguished and competitive Takaful products with the highest standards of services possible; Solidarity, one of the largest Takaful Companies and the winner of the worlds best Takaful provider award, has announced the opening of a new Customer Service Centre at Reef Mall.

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  • Solidarity's new Customer Service Center, Reef Mall.
    Solidarity's new Customer Service Center, Reef Mall.
Solidarity's new Customer Service Center provides a wide range of Sharia'h compliant Family Takaful plans ranging from children's education, retirement, wealth accumulation and mortgage protection. Besides, it offers General safety and protection Takaful products including motor, medical, home, and other commercial solutions.

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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Notes and media contacts

For more information, please contact:
Bassel Hanbali - Head of Corporate Communications & Marketing, Solidarity

Or

May Marzooq - Senior Marketing Communications Officer
Tel: +973 17 578777
Fax: +973 17 578787

About Solidarity
Established as one of the Largest Takaful Companies in the world with US$ 100 million in paid up capital and US$300 million authorized capital, Solidarity provides Takaful products that comply with Islamic Sharia'h across the globe.

Solidarity is set to capitalize on the success of its opening years by continuing its expansion in to key international markets. To strengthen its current position and achieve the expansion strategy, Solidarity increased the authorized capital to US$ 500 million and the paid up capital to US$ 150 million and is in the process of increasing it to US$ 275 million.

Solidarity provides Islamic Financial Planning through a range of Family Takaful saving and investment plans with Takaful Protection Benefits ideally suited for education, retirement and wealth accumulation; in addition to Home Financing and other general Takaful protection products that include Motor, Property, Marine Employee Benefits (Medical) and other corporate/ business related protection such as Engineering, Liability, Director & Offices and others.

Solidarity has the resources to deliver unmatched risk management financial solutions, tailored to meet the needs of individuals, families and businesses.

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