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Merger projects to grow in Saudi Arabia

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Magazine Issue: 
The teachings of Covid-19 [3]
Magazine date: 
Dec 2020

Saudi Central Bank SAMAAccording to the Saudi Central Bank (SAMA), the Saudi insurance market [4] is expected to undergo further mergers and acquisitions in 2021. This mode of external growth allows small insurers to raise capital. The operation also allows the establishment of financial entities that offer innovative products.

In 2020, the Saudi market has experienced several insurance company mergers including:

  • Aljazira Takaful Taawuni and Solidarity Saudi Takaful
  • Saudi Enaya Cooperative Insurance and Amana Cooperative Insurance
  • Walaa Cooperative Insurance and MetLife AIG ANB Cooperative Insurance
Thu, 10/12/2020 - 11:34

Source URL: https://www.atlas-mag.net/en/article/merger-projects-to-grow-in-saudi-arabia

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[3] https://www.atlas-mag.net/en/issue/lessons-from-covid-19
[4] https://www.atlas-mag.net/en/article/saudi-insurance-market-results-increase-in-h1-2020