KIPCO – the Kuwait Projects Co. (KSE:KPROJ) – a diversified holding company headquartered in Kuwait, and Fairfax Financial Holdings Limited, a global insurance and reinsurance group based in Canada, announced today an agreement to sell 39.2% of Gulf Insurance Co. (GIC) (KSE:GINS) to Fairfax at a price of US$208.6 million (KD 59.85 million) or 900 fils (U$3.14) per share.
Fairfax Financial Holdings Limited announces that it has declared a quarterly dividend of C$0.359375 per share on its Series C Preferred Shares, C$0.296875 per share on its Series E Preferred Shares and C$0.21918 per share on its Series G Preferred Shares. The dividends are payable on September 30, 2010 to shareholders of record on September 22, 2010.
Fairfax Financial Holdings Limited announced today that it has acquired, through its subsidiaries, 2,666,400 Class A units (“Units”) of The Brick Group Income Fund (the “Brick”) at a price of $2.06 per Unit, bringing its total holdings of Units to 11,046,600 Units or approximately 19.99% of the total Units outstanding.