Gulf Insurance Group K.S.C.P. (KWSE:GINS) acquired 28.1% stake in AXA Green Crescent Insurance Company PJSC (ADX:AXAGCIC) from AXA Mediterranean Holding, S.A. on September 14, 2021. Karim B. Nassar of Abdulaziz Alajlan & Partners and Baker & Mckenzie LLP, London acted as legal advisor to Gulf Insurance Group K.S.C.P in the transaction.

Gulf Insurance Group K.S.C.P. (KWSE:GINS) completed the acquisition of 28.1% stake in AXA Green Crescent Insurance Company PJSC (ADX:AXAGCIC) from AXA Mediterranean Holding, S.A. on September 14, 2021.