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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22.74 SAR | -3.15% | -0.26% | 188M | ||
1.93 KWD | 0.00% | 0.00% | 1.78B | ||
1st Jan change | Capi. | |
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+2.66% | 1.78B | |
+8.82% | 115B | |
+8.03% | 100B | |
+3.62% | 72.22B | |
+26.01% | 29.48B | |
+6.50% | 19.05B | |
-3.03% | 12.63B | |
+14.15% | 11.52B | |
+13.16% | 10.9B | |
+16.30% | 10.17B |
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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.