Fairfax (Barbados) International Corp. made an offer to acquire 9.99% stake in Gulf Insurance Group K.S.C.P. (KWSE:GINS) for KWD 55.3 million on February 18, 2024. The offer price per share is KWD 1.946 per share for 28.43 million shares of Gulf Insurance Group representing 9.99% of the share capital. It should be noted that the opening of the collection period will be from March 4, 2024 till April 3, 2024.

Fairfax (Barbados) International Corp. completed the acquisition of 7.05% stake in Gulf Insurance Group K.S.C.P. (KWSE:GINS) for approximately KWD 40 million on April 25, 2024. The offeror has acquired 20,074,635 shares at KWD 1.946 per share in a total value of KWD 39.065 million, excluding transfer & processing fee, which represents 7.05% of Gulf Insurance Group's issued and paid up share capital. Thus, the ownership of the group of Fairfax Financial Holdings Limited in the Offeree Company has increased from 90.01% to 97.06%.