Arab Insurance Group has announced the sale of Tivoli Capital, UK (in run-off). As a result, the UK unit is no longer a subsidiary of ARIG, which did not provide financial details of the sale.
The sale took effect on 21 August 2025, ARIG said in a statement lodged on 15 September with Bahrain Bourse. Tivolo Capital UK was formerly ARIG Capital UK.
ARIG's 2025 interim financial performance
In August 2025, ARIG released its financial results for the six months ended 30 June 2025. These show that the company recorded a consolidated net profit of $2.9m attributable to shareholders for 1H2025, a drop of 79% from the net profit of $13.5m in 1H2024.
ARIG said that the fall in profit was due to lower insurance service results in 2025 and a recovery of $6.0m in 2024 following an adjudication favouring the company.
Comprehensive income attributable to shareholders for the first six months of 2025 was $7.7m, a decrease of 45% year on year due to higher profits in 2024.
Insurance revenue for the first half of 2025 stood at $0.5m, falling by 29% from $0.7m in 1H2024. The insurance service result for 1H2025 was a loss of $2.2m (1H2024: loss $0.7m) due to adverse claim experience as compared to 2024. Consolidated investment income attributable to shareholders and insurance funds for the six months of 2025 was $6.4m, down by 18% from $7.8m in 1H2024 due to the reallocation of investment assets and prevailing lower interest yields.
Balance sheet
ARIG’s shareholders’ equity stood at $265.7m at 30 June 2025 (end of 2024: $282.8), a decrease of 6%, primarily due to the payout of dividends of 12.5% partly offset by profits of $2.9m during 1H2025. Total assets as of 30 June 2025 amounted to $352.4m compared to $372.5m as of 31 December 2024, a decrease of 5%.