News Middle East02 Jan 2024

Kuwait:Fairfax becomes majority shareholder of GIG on completion of purchase of stake

| 02 Jan 2024

Mr Khaled Saoud Al Hasan, Group CEO of GIG


Kuwait Projects Company (Holding) (KIPCO) officially transferred on 26 December 2023 its 46.32% shareholding in Gulf Insurance Group (GIG) to Toronto-headquartered Fairfax Financial Holdings, in line with the previously announced binding agreement between the two parties.

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