Tender Board has awarded Takaful International company insurance coverage tender of several ministries and governmental organizations for three successive years. The tender provides a number of insurance coverage with various risks worth more than BD 275 million.
This operation was carried out through the Tender Board under standards of high quality and transparency. Nine insurance companies participated in this tender, among them Takaful International who was awarded for providing the best technical and insurance conditions.
Mr.Younis Al Sayed CEO, Takaful International Company is pleased to have fulfilled all the terms and conditions of this tender, which emphasize upon the company’s competitive ability in the local market, adding that such success is the result of the hard work of Bahraini qualified staff of Takaful International professionally and academically wise.
Mr. AlSayed considers the tender an added value to the company business profile which through the years has assured the company’s strength and futuristic vision. Being awarded this tender is a good start for the new year 2010.
He also added, Takaful achievements are based on careful and comprehensive studies on tenders and capacity to meet competitive standards. Our expert team thoroughly goes through the tender’s conditions to ensure best insurance coverage. In addition to the coordination with major globally classified reinsurance companies that are capable of handling high risks which enhances Takaful strength in the insurance market locally and internationally.
It is worth to mention that last year Tender Board awarded Takaful International an insurance coverage tender for insuring assets and properties of Ministry of Health worth more than 668,435 million U.S. dollars.Takaful International is the first insurance company in the region to provide insurance products and services in compliance with Sharia’a Principles; also the company has achieved “BBB” rating with a stable outlook from the international rating agency, Standard and Poor’s.
