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Nov 2010 Bahrain National Holding announced the inauguration in Abu Dhabi of the Bahrain Emirates Insurance Company (BEI) branch. The company, headquartered in Bahrain, has recently received approval to market policies in the emirate. It will be underwriting personal accident risks, third party liability, fire, engineering, motor, marine and health insurance. BEI is dotted with a capital of 53 million USD, 27.9 million USD of which are paid up. Al Masaood group holds 50% stakes while the Bahrain National Holding and SBK Holding Aman have respectively 30% and 20%.