BRIEF-Zad Holding Q1 profit falls
* Q1 net profit 49.3 million riyals versus 51.7 million riyals year ago Source: (http://bit.ly/2oTXID8) Further company coverage:
Dec 14 South Africa's Rand Merchant Investment Holdings Ltd said it bought a stake of about 30 percent in UK insurer Hastings Group Holdings Plc in a deal worth between 487.3 million pounds ($618.87 million) and 499.5 million pounds.
As part of the deal, which makes Rand Merchant the biggest shareholder in Hastings, Rand Merchant's Chief Executive Herman Bossman has been named to Hastings' board. ($1 = 0.7874 pounds) (Reporting by Vidya L Nathan in Bengaluru; Editing by Martina D'Couto)