IssuerAnnouncementDetailsV2Portlet
Walaa Insurance Company announces update on its acquisition of 88% ownership of Aspire
Element List | Explanation |
---|---|
Previous Announcement | Walaa Insurance announces receiving No objection from Insurance Authority to acquire 88% ownership of Aspire MGA |
Date of Previous Announcement on Saudi Exchange’s Website | 2025-04-30 Corresponding to 1446-11-02 |
Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
Latest Developments Of The Announced Event | With reference to Walaa Cooperative Insurance Company’s announcement dated 30/04/2025 corresponding 02/11/1446 on the Saudi Exchange website on the receipt of no objection from Insurance Authority to acquire 88% ownership of Aspire Underwriting Agency Ltd, Walaa would like to announce to its esteemed shareholders the receipt of DFSA (Dubai Financial Services Authority) approval to acquire 88% ownership of Aspire MGA. |
The costs associated with the event, and if they have changed or not with indication of the reasons. | Nill |
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.