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Bahrain Kuwait Insurance Company B.S.C.
BAHRAIN
Tuesday, 13th May 2025
To: Boursa Kuwait
Mubarak Al Kabeer Street, AlSharq
P.O. Box 22235, Safat 13083,
Kuwait
Sub: BKIC Interim Condensed Consolidated Financial Statements - 31st March 2025
We have pleasure in informing you that the Board of Directors of Bahrain Kuwait Insurance Company (BSC) has approved on Tuesday 13th May 2025 the interim condensed consolidated financial statements for the 3-month period ended 31a March 2025.
The financial information forms along with the approved auditor's report are attached herewith for your kind reference and records.
Thanks and best regards,
Yours sincerely,
Ali Hasan Fardan
Senior Manager - Legal and Compliance and Secretary to the Board
Enclosures/
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Head Olfice I BMC Tower 2775 I Raad 2835 I Seef Distnct 428 | DO Box :tO166 | fñanama Mngdom of Bahran |TEL (973) J71Z9999 I Emait: in gcom.bh |C ft No 474S-l
Bahrain Kuwait Insui-ance Company B.S.C.
Select from the list
Board of Directors Meeting Date2025-03—31
2025—05-13
This form shall not be deemed to be complete unless the
documents mentioned above are provided ‘”“ ^*
Statement | ||||||||
2024-03-31 | 2025-03-3 1 | |||||||
(5) | 1,371,691 | 1,306,034 | Net Profit (Loss) represents the amount attributable to the owners of the parent Company | |||||
(4) | 9 | 9 | it You I (z, ) Basic & Diluted Earnings per Share | |||||
4 | 82,824,339 | 85,955,067 | Current Assets | |||||
8 | 144,787,131 | 156,727,974 | Total Assets | |||||
21 | 14,100,356 | 17,003,406 | Current Liabilities | |||||
10 | 109,254,220 | 120,463,636 | Total Liabilities | |||||
4 | 33,933,920 | 35,182,753 | Total Equity attributable to the owners of the Parent Company | |||||
(26) | 10,515,242 | 7,734,652 | Total Operating Revenue | |||||
(11) | 552,838 | 493,382 | Net Operating Profit (Loss) | |||||
N/A | N/A | N/A | Accumulated Loss/ Paid-Up Share Capital | |||||
(0.2) | 1.225 | 1.222 | Exchange Rate | |||||
Financial Results Form
Non-Kuwaiti Company 1
! First.Quartz’ ConJparati' First Quarter Current Per
Change (%a) ' Period
Statement
2024-03-31
2025-03-31
¿yi sql QM (sari) 'i•/i
N/A | N/A | N/A | Net Profit (Loss) represents the amount attributable to the owners of the parent Company | |||
N/A | N/A | N/A | Basic & Diluted Earnings per Share | |||
N/A | N/A | N/A | Total Operating Revenue i s i ’• i | |||
N/A | N/A | N/A | Net Operating Profit (Loss) |
Not Applicable for first Quarter
Ihcrease/Decre’ase In” Net Profit (Loss) is due to
The decrease in the net profit for the three months ended 31st March 2025 compared to the same period last year is due to the first-time implementation of the 15% Domestic Minimum Top-up Tax in Bahrain, which came into effect in January 2025 for multinational companies and was not reflected last year.
Total Revenue realized from dealing with related parties (value, KWDj
Tatal Expenditures incurrsd from dealing with relatéd parties
.(value, KW£?)
Financial Results Form Non-Kuwaiti Company
(219,326)
(250,998)
2
Statement | |||||||
2024-03-31 | 2025-03-31 | ||||||
(5) | 1,680,321 | 1,595,974 | Net Profit (Loss) represents the amount attributable to the owners of the parent Company | ||||
(4) | 11 | 11 | zzzstim Huh ii •, / Basic & Diluted Earnings per Share | ||||
4 | 101,459,815 | 105,037,092 | Current Assets | ||||
8 | 177,364,235 | 191,521,584 | Total Assets | ||||
20 | 17,272,936 | 20,778,162 | Current Liabilities | ||||
10 | 133,836,420 | 147,206,563 | Total Liabilities | ||||
3 | 41,S69,052 | 42,993,324 | Total Equity attributable to the owners of the Parent Company | ||||
(27) | 12,881,171 | 9,451,745 | Total Operating Revenue | ||||
(11) | 677,227 | 602,913 | Net Operating Profit (Loss) | ||||
N/A | N/A | N/A | psi gtti l/ i,zti¿ i Accumulated Loss/ Paid-Up Share Capital | ||||
Statement
2024-03-31
2025-03-31
N/A
N/A
N/A
Net Profit (Loss) represents the amount
attributable to the owners of the parent Company
N/A
N/A
N/A
Basic & Diluted Earnings per Share
N/A
N/A
N/A
Total Operating Revenue
N/A
N/A
N/A
Net Operating Profit (Loss)
Not Applicable for first Quarter
c.
Financial Results Form Non-Kuwaiti CompanyIn the event of selecting item No. 2, 3 or 4,
the following table must be filled out, and this form is not considered complete unless it is filled.
NIL
NIL
NIL
NIL
Financial Results Form
Non-Kuwaiti Company 4
NIL | NIL | Cash Dividends | ||
NIL | NIL | Bonus Share | ||
NIL | NIL | Other Dividend | ||
NIL | NIL | No Dividends | ||
NIL | NIL | Issue Premium | NIL | Capital Increase |
NIL | NIL | Capital Decrease |
Senior Manager
Legal and Compliance and Secretary to the Board
Ali Hasan Fardan
Financial Results Form
Non-Kuwaiti Company 5
Review report on the interim condensed consolidated financial information to the Board of Directors of Bahrain Kuwait Insurance Company B.S.C.
Introduction
We have reviewed the accompanying interim condensed consolidated statement of financial position of Bahrain Kuwait Insurance Company B.S.C. (the "Company") and its subsidiary
(the "Group") as at 31 March 2025 and the related Interim condensed consolidated statements of profit or loss, comprehensive income. changes in equity and cash flows for the three-month period then ended and explanatory notes. The Board of Directors is responsible for the preparation and presentation of this interim condensed consolidated financial information in accordance with International Accounting Standard 34, ‘Interim Financial Reporting' ("IAS 34a. Our responsibility is to express a conclusion on this interim condensed consolidated financial information based on our review.
Scope of review
We conducted our review in accordance with International Standard on Review Engagements 2410, "Review of interim financial information performed by the independent auditor of the entity". A review of interim financial information consists of making inquiries. primarily of persons responsible for financial and accounting matters. and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
COlJClllSlOfl
Based on our review. nothing has come to our attention that causes us to believe thai the accompanying interim condensed consolidated financial information is not prepared. in all material respects, in accordance with IAS 34.
John Molloy
PricewaterhouseCoopers M.E Limited Partner's registration number: 255 Manama. Kingdom of Bahrain
13 May 2025
PncewatemouseCoopers M.E Limited, Office no. 4701. Building ro. 1459. Road no 4626.
Bk›ck no 3d6. P.O. Box 60771, Manama/Sea Front, Kingdom of Bahrain. Flcor 47. West Tower, Bahrain Financial Harbour. T: +973 17 118800. F! +973 17 540SS6, www pwc ccCR no. 47378
