MANAMA, 4 May 2004 — Arab Insurance Group (ARIG) announced yesterday it intends to sell its entire 39.5 percent holdings, equivalent to 11.85 million equity shares in Al Ahlia Insurance Company, Bahrain. The shares will be publicly offered through the Bahrain Stock Exchange (BSE). As directed by the Bahrain Monetary Agency, all eligible interested investors can form a consortium and submit their buying orders through any licensed broker from Monday, while such orders will be subject to execution on Tuesday, May 11.