Egypt’s Financial Regulator Approves Gulf Insurance Group’s Acquisition of AIG

FRA on Sunday, Egypt’s Financial Regulatory Authority (FRA) authorized the Kuwaiti Gulf Insurance Group’s (GIG) subsidiary GIG Egypt’s takeover of AIG Egypt for EGP196.97 M ($6.41 M), according to a recent statement by FRA. AIG Egypt is part of the American International Group (AIG). The share price in the pending offer is EGP 164.14, with […]