Who we are
We bring the world of investments and the world of savers together by bridging the 5 barriers to the world of investing. Most people don’t have the time to do research, the knowledge to interpret the information or the expertise to put it all together. We provide all of this through a cost-effective solution that offers you access to the world of mutual funds and investments.
TAKAUD is the Arabic word for retirement. We cater to the needs of individual savers, investors and corporate customers in the region. Our vision is to become the region’s first-choice provider of savings, pension and investment products. Whatever your situation is—whether you are an employee, employer or running your own business—we are ready to create your customised savings plan. We make the experience of finding the right savings and pensions solutions a simple and easy to understand process with no hidden charges, confusing terminology or complicated concepts.
|Individual solutions||Business solutions||Partner solutions|
|An ideal and cost-effective way to save for your goals.||Help you to recruit, reward and retain the best employees.||Customised third-party distribution solutions tailor-made for banks, asset managers and insurance companies.|
|Whether you want to manage your savings on your own, online, or need a helping hand, we have the right solution.||Position you as an employer of choice.||Flexible white-labelling opportunities.|
|You have the option to save through regular contributions, lump sums or a combination of the two.||Increase employee satisfaction and loyalty.||Customisable selection of investment solutions and asset allocation strategies.|
|Full flexibility to withdraw your money whenever you need to.||Improve employee productivity.|
Takaud Savings and Pensions B.S.C (c) is licensed as an Investment Business Firm (Category 1) by the Central Bank of Bahrain (CBB) and is a closed joint stock company incorporated in the Kingdom of Bahrain. TAKAUD is 50% owned by Kuwait Projects Company (Holding) K.S.C. (c) (KIPCO) and 50% by United Gulf Holding Company (UGHC) and is part of the KIPCO group of companies.
Kuwait Project Company (Holding) K.S.C. (C) (KIPCO)
The KIPCO Group is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32 billion as at 30 September 2017. The Group has significant ownership interests in a portfolio of more than 60 companies operating across 24 countries. KIPCO’s financial services interests include holdings in commercial banks, asset-management, investment banking and insurance companies. The Group’s core operations in this sector include Burgan Bank, United Gulf Bank and Gulf Insurance Group. In the media sector, the Group holds a majority stake in OSN, the leading pay-TV operator in the region.
TAKAUD Corporate Governance
The Corporate Governance Code of the Kingdom of Bahrain (the ‘’Code’’) was issued by the Ministry of Industry and Commerce on 16 March 2010. The Code requires companies to adopt written corporate governance guidelines following the Code’s principles and report annually to their shareholders on their compliance with those guidelines, explaining the reasons or rationale for any variance.
Takaud Saving and Pensions B.S.C. (c) recognizes the importance of good governance in promoting and strengthening the trust of our shareholders and other stakeholders and in maintaining the highest standards of integrity, transparency and accountability. We believe that sound ethical practices and timely disclosures are integral to good corporate governance.
Good corporate governance enhances long-term shareholder value while safeguarding the interests of other stakeholders. In line with TAKAUD’s mission “to be the MENA region’s leading provider of savings and pension solutions and a world-class business that address the needs of the citizens and residents of the MENA region,” TAKAUD’s Board of Directors and Management support the FAIR principles—Fairness, Accountability, Integrity and Responsibility—in their relationship with the Company’s shareholders, employees and other external stakeholders.
TAKAUD complies with the requirements of the Code and of the Central Bank of Bahrain’s (CBB) Rulebook (Volume 4) High-Level Controls Module.
The Board of Directors is constituted by the shareholders for the Company’s overall supervision and governance. The Board sets the Company’s strategic direction and evaluates the effectiveness of management policies to ensure that shareholders’ long-term interests are served. The Chairman of the Board is assisted by the Directors and the senior management in overseeing TAKAUD operations. The Board has constituted two standing Committees: the Board Executive Committee, which oversees Nominations and Remuneration; and the Board Audit, Risk, Compliance and Corporate Governance Committee. The charter of each committee enumerates its members’ responsibilities.
The Board Executive Committee comprises three directors:
- Mr Samer Khanachet, The Chairman of the Board
- Mr Mazen Hawwa, Vice Chairman of the Board
- Mr Hussain Lalani
The Board Audit Risk, Compliance and Corporate Governance Committee comprises four directors:
- Mr Mazen Hawwa, Chairman
- Mr Hussain Lalani
The governance structure currently in place is as outlined below: