Gulf Insurance Group K.S.C.P. (KWSE:GINS) made a mandatory offer to acquire remaining 4.669% stake in AIG Egypt Insurance Company S.A.E. for EGP 9.19 million in February, 2024. Gulf Insurance Group had proposed a mandatory offer to acquire 56,031 shares, or 4.669% of AIG Egypt Insurance's capital, thereby aiming to own 100% of the company.

Gulf Insurance Group K.S.C.P. (KWSE:GINS) completed the acquisition of 2.71% stake in AIG Egypt Insurance Company S.A.E. for EGP 5.3 million on March 13, 2024. 32,608 shares has been tendered.