IssuerAnnouncementDetailsV2Portlet
Arabia Insurance Cooperative Co. Announces an update on Arabia Insurance Cooperative Company announces signing a Memorandum of Understanding with United Cooperative Assurance Company
Element List | Explanation |
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Introduction | With reference to the announcement of Arabia Insurance Cooperative Company on Saudi Exchange dated on 19/06/2025G corresponding to 23/12/1446H, regarding signing a Memorandum of Understanding with United Cooperative Assurance Company to evaluate a potential merger between the two companies. The company would like to announce the appointment of Albilad Investment Company (Albilad Capital) as a Financial Advisor in connection with the proposed merger with United Cooperative Assurance Company. |
Previous Announcement | Arabia Insurance Cooperative Company announces signing a Memorandum of Understanding with United Cooperative Assurance Company |
Date of Previous Announcement on Saudi Exchange’s Website | 2025-06-19 Corresponding to 1446-12-23 |
Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
Latest Developments Of The Announced Event | Appointment of Albilad Investment Company (Albilad Capital) as its Financial Advisor in connection with the proposed merger with United Cooperative Assurance Company. |
The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable. |
Additional Information | Announcements will be made later for any future developments as they occur. |
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.