Trust Re, a leading reinsurance company based in Bahrain, announced that its authorised, issued and paid-up capital now stands at $200 million.

Its shareholders have released the final part, $30 million, of a plan to double the authorised, issued and share capital within three years, a statement said.

This represents early completion of the commitment announced in the Company’s Annual General Meeting in March 2013.

Fadi AbuNahl, CEO of Trust Re said: “This latest development is in line with the Company’s strategic direction and risk tolerance. It will reinforce Trust Re’s future growth and allow the Company to continue expanding profitably.”

“Moreover, Trust Re will now be even better placed to grow its market share across its lines of business, both in the region and internationally,” he added. – TradeArabia News Service