Buruj Insurance Completes Sale of Yousef M. Naghi Co.’s Stake to Al Yusr Investment Gates

Buruj Cooperative Insurance Company announced on Sunday that it has finalized the sale of 1,500,000 shares, representing the entire stake of founding shareholder United Yousef M. Naghi Company, to Al Yusr Investment Gates Limited Company. The transaction was completed after obtaining the necessary regulatory approvals.

This change in ownership will result in Al Yusr Investment Gates becoming one of Buruj’s major shareholders, replacing United Yousef M. Naghi Co. The update will be reflected on the Substantial Shareholders page.