Alinma Tokio Marine Co. Announces the start of the creditors’ objection period related to the merger deal with Arabian Shield Cooperative Insurance Company.

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1445/03/06     21/09/2023 15:56:13

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Announcement Detail With reference to the announcement of Alinma Tokio Marine Company (“Alinma Tokio Marine”) dated 06/03/1445H corresponding to 21/09/2023G on Tadawul website regarding to the circular of Alinma Tokio Marine's Board of Directors relating with Arabian Shield Cooperative Insurance Company (the “Merger Deal”).

Alinma Tokio Marine's Board of Director announces to its pleased shareholders that will start the creditors' objection period to the Merger Deal in accordance with the provisions of Article (227) of the Companies Law.

Accordingly, any creditor of Alinma Tokio Marine has the right to object to the Merger Deal by sending a registered letter to the Alinma Tokio Marine head office located at Riyadh- King Fahd Rd, Al Anoud Building, Tower 2, 21st floor. Or by e-mail:

The creditors' objection period starts from Thursday, 06/03/1445AH (corresponding to 21/09/2023AD), and ends at the end of Friday, 21/03/1445AH (corresponding to 06/10/2023AD).

For more details about the Merger Deal, please refer to the offer document issued by Arabian Shield and the circular of the Alinma Tokio Marine Board of Directors.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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