Gulf Tamin acquires a 13.85% stake in ARIG

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Wissam Haddad - Daniel FreifeldGulf Tamin has acquired a 13.85% stake in Arab Insurance Group (ARIG). The transaction involves 30 466 862 ARIG shares held by the Emirates Investment Authority.

This deal comes following the announcement made by Gulf Tamin in October 2023 regarding its intention to acquire a 10% stake in ARIG.

Gulf Tamin was created for the sole purpose of acquiring shares in the Bahraini insurer. The company's shareholders include Lepercq Multi-Asset Fund SICAV (66.67%) and Callaway Capital Management (33.33%).

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Fri, 15/03/2024 - 11:40
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