Cigalah Trading Establishments entered into a binding share sale and purchase agreement to acquire a 28.50% stake in Buruj Cooperative Insurance Company (SASE:8270) from Gulf Insurance Group K.S.C.P. (KWSE:GINS) for approximately SAR 120 million on February 15, 2024. Once the transaction is completed and the shares are transferred between the shareholders, there will be a change in the main shareholders of Buruj Cooperative. The Transaction is subject to various conditions, including obtaining approval from regulatory authorities.
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5-day change | 1st Jan Change | ||
1.93 KWD | 0.00% | 0.00% | +2.66% |
Stocks mentioned in the article
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Capi.
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19.14 SAR | -1.54% | -1.75% | 153M | ||
1.93 KWD | 0.00% | 0.00% | 1.78B | ||
1st Jan change | Capi. | |
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+2.66% | 1.78B | |
+10.23% | 112B | |
+17.32% | 111B | |
+7.88% | 101B | |
+7.32% | 74.75B | |
+25.95% | 29.94B | |
+13.30% | 20.39B | |
-3.12% | 12.33B | |
+6.16% | 10.9B | |
+4.99% | 10.67B |
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- Cigalah Trading Establishments entered into a binding share sale and purchase agreement to acquire a 28.50% stake in Buruj Cooperative Insurance Company from Gulf Insurance Group K.S.C.P. for approximately SAR 120 million.