Takaud Savings and Pensions was a Bahraini specialist savings and

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", wh ...

s provider based in

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 ...

. 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 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 ...

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 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 ...

, with consolidated assets of US$29 billion as at Q3 2013. It was licensed as an Investment Business Firm (Category 1) by the

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 res ...

(CBB), a closed joint stock company and is incorporated in the Kingdom of Bahrain.

References

{{reflist 2011 establishments in Bahrain Financial services companies established in 2011 Companies of Bahrain