Silah Gulf Completes Invita Acquisition From BBK
The Bahrain Bourse-listed customer experience provider closed its purchase of BBK's outsourcing arm on September 24, with terms undisclosed.
Tariq Benali Tariq Benali covers business and corporate news across the UAE and MENA for Anecdoted, tracking the deals, leadership moves and regulatory shifts behind the region's companies. tariq@anecdoted.com
Silah Gulf has completed its acquisition of Invita, taking outright ownership of the business process outsourcing arm that Bank of Bahrain and Kuwait had run as its own. The buyer, listed on the Bahrain Bourse, disclosed completion in a Sunday filing. The deal closed on September 24.
The two companies signed a share purchase agreement covering the whole of Invita, a transaction they announced on June 30. Completion was conditional on the Central Bank of Bahrain raising no objection. Silah said every regulatory and compliance requirement had been fulfilled and the necessary approvals obtained. Financial terms were not disclosed, and Silah said it will report the transaction's effect on its own financial position at a later date.
BBK signalled the exit well before the closing. In its half-year interim financial statement, the bank told investors it had agreed to sell its Invita stake to Silah.
Who bought what is straightforward. Silah sells customer experience solutions across Bahrain, Saudi Arabia and Kuwait, with business process management, CX technology and advisory work on its books. Invita grew up inside a bank. BBK used it to handle its own BPO activities and to serve regional clients outside the group.
Both companies are Bahrain-based and both work in adjacent corners of customer service and outsourcing. The deal folds a bank's in-house operation, one that also took on external work, into a company that sells this category of service for a living. Invita's outside client relationships move with it.
A listing, then a purchase
The acquisition implements the growth strategy Silah set out during its own IPO, which closed several months earlier. Silah began trading on the Bahrain Bourse in February 2026 after offering 16.3 million shares, equal to 30% of its post-IPO issued share capital. That offering raised roughly $7.6 million, or about BHD 2.9 million.
Its prospectus had named the Invita buyout as a primary catalyst for consolidating its GCC market presence. Buying the business is how that promise gets tested, and the three markets Silah already serves — Bahrain, Saudi Arabia and Kuwait — are where the combined client base now sits.
Silah is a Mumtalakat portfolio company. What the acquisition cost remains undisclosed.
