Takaud Savings And Pensions B.S.C.
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Takaud Savings And Pensions B.S.C.
Takaud Savings and Pensions was a Bahraini specialist savings and pensions provider based in Manama. The company was licensed by the Central Bank of Bahrain (CBB). The company ceased operations around 2019 when its web site was taken down. History Takaud Savings and Pensions B.S.C. was launched in 2011 and was considered the MENA region's specialist provider of savings and pensions. It provideed 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 offered investment through fund managers including BlackRock, JP Morgan, BNP, Dexia, Robeco, Franklin Templeton and Schroders. Ownership TAKAUD was 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 bill ...
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Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ...
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Manama
Manama ( ', Bahrani Arabic, Bahrani pronunciation: ) is the capital and List of cities in Bahrain, largest city of Bahrain, with an approximate population of 297,502 as of 2012. Long an important trading center in the Persian Gulf, Manama is home to a diverse population. After periods of Portuguese Empire, Portuguese and Persian control and a short invasion from the ruling dynasty of House of Saud, Saudi Arabia, followed by a longer invasion by Oman, Bahrain established itself as an sovereign state, independent nation in 1971 following a period of British hegemony. Manama has a history that spans over several centuries. First mentioned in Islamic texts as early as the 14th century, Manama remained a small trading port until it came under Portuguese Empire, Portuguese control in the early 1500s. In 1602, the Safavid dynasty, Safavid Persians expelled the Portuguese, and Manama became a regional center for commerce and Pearl#Pearl_farming, pearling. By the late 19th century, it ...
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Kingdom Of Bahrain
Bahrain, officially the Kingdom of Bahrain, is an island country in West Asia. Situated on the Persian Gulf, it comprises a small archipelago of 50 natural islands and an additional 33 artificial islands, centered on Bahrain Island, which makes up around 83 percent of the country's landmass. Bahrain is situated between Qatar and the northeastern coast of Saudi Arabia, to which it is connected by the King Fahd Causeway. The population of Bahrain is 1,501,635 as of 14 May 2023, of whom 712,362 (47.44%) are Bahraini nationals and 789,273 are expatriates spanning 2,000 ethnicities (52.56% of the country's population of 1,501,635). Bahrain spans some , and is the third-smallest nation in Asia after the Maldives and Singapore. The capital and largest city is Manama. According to archeologist Geoffrey Bibby, Bahrain is the site of the ancient Dilmun civilization.
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Pension
A pension (; ) is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be either a " defined benefit plan", where defined periodic payments are made in retirement and the sponsor of the scheme (e.g. the employer) must make further payments into the fund if necessary to support these defined retirement payments, or a " defined contribution plan", under which defined amounts are paid in during working life, and the retirement payments are whatever can be afforded from the fund. Pensions should not be confused with severance pay; the former is usually paid in regular amounts for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment before retirement. The terms " retirement plan" and " superannuation" tend to refer to a pension granted upon retirement of the individual; the terminolog ...
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Central Bank Of Bahrain
The Central Bank of Bahrain (CBB) is the central bank of Bahrain. It is a public corporate entity that was established by the ''Central Bank of Bahrain and Financial Institutions Law 2006.'' on 6 September 2006. ''Decree No. 64 of 2006 with respect to promulgating the Central Bank of Bahrain and Financial Institutions Law'' established the Central Bank of Bahrain in place of the Bahrain Monetary Agency. The Bank is located in the Diplomatic Area of Manama, in Bahrain. Its responsibilities include, implement monetary policy, supervise and regulate the banking sector, acting as the government's fiscal agent, encouraging the growth of Bahrain as a major international financial centre, and to manage the foreign currency, cash and gold reserves of the Kingdom. History It was established in 1973 as the Bahrain Monetary Agency, shortly after Bahrain gained its independence from the United Kingdom, replacing the Bahrain Currency Board that had been created in 1965. The bank also hous ...
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MENA
The Middle East and North Africa (MENA), also referred to as West Asia and North Africa (WANA) or South West Asia and North Africa (SWANA), is a geographic region which comprises the Middle East (also called West Asia) and North Africa together. However, it is widely considered to be a more defined and apolitical alternative to the concept of the Greater Middle East, which comprises the bulk of the Muslim world. The region has no standardized definition and groupings may vary, but the term typically includes countries like Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, the United Arab Emirates, and Yemen. As a regional identifier, the term "MENA" is often used in academia, military planning, disaster relief, media planning (as a broadcast region), and business writing. Moreover, it shares a number of cultural, economic, and environmental similarities across the countries that it spans; for example, some of the ...
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Gulf Cooperation Council
The Cooperation Council for the Arab States of the Gulf (), also known as the Gulf Cooperation Council (GCC; ), is a Regional integration, regional, intergovernmental organization, intergovernmental, political, and economic union comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The council's main headquarters is located in Riyadh, the capital of Saudi Arabia. The Charter of the GCC was signed on 25 May 1981, formally establishing the institution. All current member states are monarchy, monarchies, including three Constitutional monarchy, constitutional monarchies (Qatar, Kuwait, and Bahrain), two absolute monarchies (Saudi Arabia and Oman), and one federal monarchy (the United Arab Emirates, which is composed of seven member states, each of which is an absolute monarchy with its own emir). There have been discussions regarding the future membership of Jordan, Morocco, and Yemen. Iraq is the only Arab states of the Persian Gulf, Gulf Arab stat ...
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KIPCO
Kuwait Projects Company (Holding), known as KIPCO, is an investment holding company in the Middle East and North Africa (MENA) region. KIPCO, with consolidated assets of $40.1 billion as of 31 December 2023, operates in 20+ countries across multiple industries. KIPCO is a multi-sector operator with portfolio companies in commercial banking, petrochemical & oil services, foodstuff, asset management & investment banking, media, real estate, healthcare, logistics, and education.
KIPCO Corporate Website retrieved 17 July 2024


History

KIPCO was incorporated on 2 August 1975 under Article 94 of the Kuwaiti Commercial Companies Code, Law No. 15 1960. Since incorporation, the company has grown and made investments in a diversified portfolio of companies operating throughout the



Middle East And North Africa
The Middle East and North Africa (MENA), also referred to as West Asia and North Africa (WANA) or South West Asia and North Africa (SWANA), is a geographic region which comprises the Middle East (also called West Asia) and North Africa together. However, it is widely considered to be a more defined and apolitical alternative to the concept of the Greater Middle East, which comprises the bulk of the Muslim world. The region has no standardized definition and groupings may vary, but the term typically includes countries like Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, the United Arab Emirates, and Yemen. As a regional identifier, the term "MENA" is often used in academia, military planning, disaster relief, media planning (as a broadcast region), and business writing. Moreover, it shares a number of cultural, economic, and environmental similarities across the countries that it spans; for example, some of the ...
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Central Bank Of Bahrain
The Central Bank of Bahrain (CBB) is the central bank of Bahrain. It is a public corporate entity that was established by the ''Central Bank of Bahrain and Financial Institutions Law 2006.'' on 6 September 2006. ''Decree No. 64 of 2006 with respect to promulgating the Central Bank of Bahrain and Financial Institutions Law'' established the Central Bank of Bahrain in place of the Bahrain Monetary Agency. The Bank is located in the Diplomatic Area of Manama, in Bahrain. Its responsibilities include, implement monetary policy, supervise and regulate the banking sector, acting as the government's fiscal agent, encouraging the growth of Bahrain as a major international financial centre, and to manage the foreign currency, cash and gold reserves of the Kingdom. History It was established in 1973 as the Bahrain Monetary Agency, shortly after Bahrain gained its independence from the United Kingdom, replacing the Bahrain Currency Board that had been created in 1965. The bank also hous ...
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2011 Establishments In Bahrain
Eleven or 11 may refer to: *11 (number) * One of the years 11 BC, AD 11, 1911, 2011 Literature * ''Eleven'' (novel), a 2006 novel by British author David Llewellyn *''Eleven'', a 1970 collection of short stories by Patricia Highsmith *''Eleven'', a 2004 children's novel in The Winnie Years by Lauren Myracle *''Eleven'', a 2008 children's novel by Patricia Reilly Giff *''Eleven'', a short story by Sandra Cisneros Music * Eleven (band), an American rock band * Eleven: A Music Company, an Australian record label *Up to eleven, an idiom from popular culture, coined in the movie ''This Is Spinal Tap'' Albums * ''11'' (The Smithereens album), 1989 * ''11'' (Ua album), 1996 * ''11'' (Bryan Adams album), 2008 * ''11'' (Sault album), 2022 * ''Eleven'' (Harry Connick, Jr. album), 1992 * ''Eleven'' (22-Pistepirkko album), 1998 * ''Eleven'' (Sugarcult album), 1999 * ''Eleven'' (B'z album), 2000 * ''Eleven'' (Reamonn album), 2010 * ''Eleven'' (Martina McBride album), 2011 * ''Eleven'' (Mr ...
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