Kuwait's gulf insurance profit rises more than 50%

[yuval]

http://www.thenational.ae/business/markets/kuwaits-gulf-insurance-profit-rises-more-than-50

 

Fairfax hold more than 40% of the company.

[oec2000]

To put things in perspective, FFH's purchase price effectively placed a value of $500m (approx 150m Dinar) on Gulf Insurance, i.e. about 20x reported net earnings.