Fairfax completes $860mn stake acquisition in Gulf Insurance Group
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Fairfax completes $860mn stake acquisition in Gulf Insurance Group

Kyoung-son Song
December 27, 2023
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Fairfax has completed the acquisition of a further $860mn stake in Gulf Insurance Group (GIG), boosting its equity interest in the firm to 90%.

The deal was announced in April, whereby Fairfax agreed to purchase a 46% GIG stake from Kuwait Projects Company at $6.53

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News M&A Fairfax Financial
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Kyoung-son Song
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