BKIC profit rises despite tough market conditions.(Financial report)

Manama, March 1 (BNA) -- In spite of the more difficult and competitive market conditions, Bahrain Kuwait Insurance Company (BKIC) managed to increase profit marginally last year, up from BD4.1 million ($10.9m) in 2010 compared to BD4m the previous year. "The company still maintains its leadership in Bahrain's market, and the profit for 2010 has been the best ever since the company started its operations," said chairman Abdulla Hassan Buhindi, speaking at the company's annual general meeting at the Crowne Plazza Hotel yesterday. The meeting approved the distribution of a cash dividend of 35pc representing 35 fils per share. Mr Buhindi said that the company has achieved a return on …