Year in Review

Successfully completed the acquisition of controlling stake in AIG Egypt, which will be merged with GIG‑Egypt within one year.

Increased stake in “yallacompare” to be treated as an associate company.

Fairfax Financial Holdings Limited entered into a binding agreement with KIPCO to acquire its entire share holdings in GIG.

Automated the quality assurance reviews and real‑time monitoring of internal audit KPIs by leveraging Diligent platform.

Conducted GIG’s Annual General Meeting (AGM) and approved all agenda items.

Moody’s upgraded GIG’s IFS rating from A3 to A2 with a revised outlook to Stable.

Announced Q1 financial results under the new IFRS 17 standards.

Published GIG’s first Sustainability Report, becoming the first insurance company in Kuwait to do so — marking a significant milestone towards pioneering sustainability in insurance.

GIG ranked 71^st in the inaugural Fortune 500 Arabia list, first of its kind in the region and 3^rd in the insurance sector based on the reported collective revenues from around 22 countries.

A.M. BEST affirmed Group’s credit rating – FSR at “A” (Excellent) and long‑term issuer credit rating of “A” with stable outlook.

Fairfax became the largest shareholder of GIG after successfully completing all customary closing conditions.