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Title: Announcement Regarding the Completion of a Mandatory Acquisition Offer Submitted by Fairfax (Barbados) International Corp. Company
Date Publish
25 April 2024
Based on the minutes issued by Boursa Kuwait Securities Company on April 25, 2024, the sale of 20,074,635 shares of Gulf Insurance Group Company to Fairfax (Barbados) International Corp. Company, which represents 7.05% of the shares, was confirmed. This is an implementation of a mandatory acquisition process. Fairfax Financial Holdings Ltd (Fairfax Middle East Holdings Inc. and Fairfax (Barbados) International Corp. Company previously owned 90.01 % of the shares. Following the completion of the acquisition process, the total ownership of Fairfax Financial Holdings Ltd (Fairfax Middle East Holdings Inc. and Fairfax (Barbados) International Corp. Company in Gulf Insurance Group Company becomes 97.06 % of the capital.
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