Logo ofAllied Cooperative Insurance Group (ACIG)
Allied Cooperative Insurance Group (ACIG) announced that Tharwaa Gulf Holding Co. sold its entire stake in the company, amounting to 4.4 million shares, or 15% of capital, to Private Wealth Investment Holding Co. through a private sale deal, according to a statement to Tadawul. 
The deal was carried out at a value of SAR 15 per share, totaling SAR 65.5 million, said the company, adding that the regulatory no-objections were obtained from the concerned authorities for the deal.
After the transaction is completed, the following will result:
1. Tharwaa Gulf Holding Co. will not become the owner of any stake or shares in ACIG.
2. Private Wealth Investment Holding Co. becomes the owner of a 15% stake in ACIG.
Meanwhile, the Saudi Exchange (Tadawul) saw today, May 8, a negotiated deal on about 4.4 million shares in ACIG, or 15% of the company’s capital, at a total value of SAR 65.5 million, according to Argaam‘s data.
Logo ofAllied Cooperative Insurance Group (ACIG)
Allied Cooperative Insurance Group (ACIG) announced that Tharwaa Gulf Holding Co. sold its entire stake in the company, amounting to 4.4 million shares, or 15% of capital, to Private Wealth Investment Holding Co. through a private sale deal, according to a statement to Tadawul.
The deal was carried out at a value of SAR 15 per share, totaling SAR 65.5 million, said the company, adding that the regulatory no-objections were obtained from the concerned authorities for the deal.
After the transaction is completed, the following will result:
1. Tharwaa Gulf Holding Co. will not become the owner of any stake or shares in ACIG.
2. Private Wealth Investment Holding Co. becomes the owner of a 15% stake in ACIG.
Meanwhile, the Saudi Exchange (Tadawul) saw today, May 8, a negotiated deal on about 4.4 million shares in ACIG, or 15% of the company’s capital, at a total value of SAR 65.5 million, according to Argaam‘s data.
