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Proposed merger between Al Sagr and Gulf Union Al Ahlia

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Magazine Issue: 
CIMA, a tremendous success [3]
Magazine date: 
Jul 2022

Sagr Cooperative Insurance - Gulf Union Al AhliaAl Sagr Cooperative Insurance and Gulf Union Al Ahlia Cooperative Insurance have signed a memorandum of understanding (MoU) for a possible merger.

The two companies will conduct a technical, financial, legal and actuarial due diligence on the merger's terms and conditions. The transaction will take the form of a share exchange between the two companies.

The deal is still pending the approval of the competent authorities and the shareholders of Al Sagr and Gulf Union Al Ahlia.

Read also | Merger between Walaa and SABB Takaful [4]

Mon, 26/09/2022 - 16:52

Source URL: https://www.atlas-mag.net/en/category/pays/arabie-saoudite/proposed-merger-between-al-sagr-and-gulf-union-al-ahlia

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[4] https://www.atlas-mag.net/en/category/pays/arabie-saoudite/sama-approves-merger-between-sabb-takaful-and-walaa-cooperative-insurance