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AaAl-Mal newspaper reported that Ahmed Hassan Fataihi, a Saudi investor, acquired 8 percent of Mohandes Insurance Company after buying 600,000 shares.
US: New York + Westport Insurance Corporation 02301 A+ A US: Missouri International Al Mohandes Insurance Company 85877 NR-4 B++ Egypt New Ironshore Insurance Ltd.
Earlier in May, Saudi Arabia's Al Rajhi group bought eight per cent of the equity of the Mohandes Insurance Company, a private concern rated 'B++' by AM Best.