Bahrain Mubasher: The Bahrain Bourse will hold an auction on 5 April to sell 30% or 18.84 million shares of Takaful International's capital.
The shares will be sold in a lump sum to one investor or an alliance of investors at a basis price of 100 fils each.
Osoul Investment, the legal liquidator of Al Muhannad Direct Investment Fund, plans to sell the fund's 10.79% stake in Takaful International at a minimum of 85 fils per share.
Takaful International operates with BHD 6.25 million capital, divided into 62.5 million shares at BHD 0.1 par value each.
