KSA - SAMA commits to merge insurance companies
Wednesday, 05 16 2018, Category: Insurance and Reinsurance, Country: Saudi Arabia
Saudi Arabian Monetary Agency (SAMA) has approved the proposed merger between Gulf Union Cooperative Insurance Company and Al Ahlia Cooperative Insurance Company.
The two companies have confirmed in their statements that Tadawul is subject to the necessary regulatory approvals. The two companies will be informed about future developments in this regard.