Kuwait-Mubasher: Kuwait-listed Gulf Insurance Group has increased its shareholding in Saudi Arabia’s Buruj Cooperative Insurance to 24.5%, or 3.18 million shares.

In a statement to Saudi Stock Exchange (Tadawul), Buruj said the equity held by Anwal United Trade, which amounts to 2% or 260 thousand shares, were transferred to Gulf Insurance on Thursday.

Photo Credit: Arabianeye-Reuters