Al Hilal Life was originally established in 2009 as a joint venture insurance company between Legal & General Group Plc and Ahli United Bank with a vision to be the first choice for protection and savings in the Middle East.
During October 2015, Legal and General Group Plc sold its 50% stake in Al Hilal Life BSC to Ahli United Bank BSC (AUB) who now holds 100% of Al Hilal Life’s shares.
Al Hilal Takaful is a wholly owned subsidiary of Al Hilal Life, and focuses on Family Takaful.
Al Hilal Life is licensed by the Central Bank of Bahrain as a locally Incorporated Life Insurance Firm.
Ahli United Bank
Ahli United Bank B.S.C. ("AUB") was established as a bank in Bahrain on 31 May 2000 following a merger between The United Bank of Kuwait PLC ("UBK") and Al-Ahli Commercial Bank B.S.C. ("ACB") pursuant to which UBK and ACB each became wholly owned subsidiaries of AUB. The Bank now operates under a retail banking license issued by the Central Bank of Bahrain ("CBB"). In addition to the Group's operations in Bahrain, AUB Group has a wholly owned UK subsidiary (AUB UK), an 85.5 % stake in AUB (Egypt), a 74.9% stake in AUB (Kuwait), a 74.3% stake in Commercial Bank of Iraq, a 40% stake in United Bank of Commerce & Investment (Libya) and a 35% stake in Ahli Bank (Oman). AUB also has a 100% stake in Al Hilal Life, an insurance company. AUB and its network of subsidiaries and associated companies "AUB Group" form a banking group providing retail banking, corporate banking, treasury and investment, private banking and wealth management services, insurance and Shari'ah'-compliant banking services under the "Al Hilal" brand name.
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