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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Other stock markets
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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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Change
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5d. change
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Capi.
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19.92 SAR | -2.45% | -12.40% | 159M | ||
1.93 KWD | 0.00% | 0.00% | 1.78B | ||
1st Jan change | Capi. | |
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+2.66% | 1.78B | |
+10.52% | 113B | |
+10.84% | 104B | |
+7.32% | 74.85B | |
+28.35% | 30.51B | |
+10.83% | 20.1B | |
+1.55% | 13.15B | |
+17.07% | 12.19B | |
+13.68% | 11.13B | |
+17.90% | 9.88B |
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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.