Takaud Savings and Pensions B.S.C.

Takaud Savings and Pensions B.S.C.
Company typeSavings and Pensions
HeadquartersKingdom of Bahrain
Key people
- Samer Subhi Khanachet
Chairman
- Mazen Isam Hawwa
Vice Chairman
Websitehttp://www.takaud.com

Takaud Savings and Pensions B.S.C. is a specialist savings and pensions provider based in Bahrain. The company is licensed by the Central Bank of Bahrain (CBB).

History

Takaud Savings and Pensions B.S.C. was launched in 2011 and is considered the MENA region's specialist provider of savings and pensions.[1] It provides businesses as well as nationals and expatriates with investment and savings expertise that is specifically tailored for the GCC and wider Middle Eastern markets. TAKAUD offers investment through leading fund managers including BlackRock, JP Morgan, BNP, Dexia, Robeco, Franklin Templeton and Schroders.[2]

Ownership

TAKAUD is 50% owned by Kuwait Projects Company (Holding) K.S.C. (c) (KIPCO) and 50% by United Gulf Bank, a member of the KIPCO Group. The KIPCO Group is one of the biggest holding investment companies in the Middle East and North Africa, with consolidated assets of US$29 billion as at Q3 2013. It is licensed as an Investment Business Firm (Category 1) by the Central Bank of Bahrain (CBB), a closed joint stock company and is incorporated in the Kingdom of Bahrain.[3]

References

  1. ^ "KIPCO Takaud announcement". Reuters. 25 September 2011.
  2. ^ "Takaud launches key Mena savings plan". Gulf Daily News. 16 May 2013.
  3. ^ "Under the Patronage of the Central Bank of Bahrain TAKAUD Held a Gala Reception to Mark its Recent Launch in the Kingdom of Bahrain". Zawya. 12 June 2013.