CMA accepts Arabian Shield Cooperative Insurance’s merger request

Wed, 2021-11-10 18:36

RIYADH: Saudi Arabia’s Capital Market Authority on Wednesday approved the request of Arabian Shield Cooperative Insurance Co. to merge with Al-Ahli Takaful Co., Tadawul reported.

The merger will raise the cooperative insurance firm’s capital to SR638 million ($170.2 million) through a securities exchange offer.

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CMA
Saudi Arabia

Saudi insurance sector eyes more mergers and acquisitions .




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