Logo ofGulf General Cooperative Insurance Co.
In a statement to Tadawul, the insurer pointed out that the extension aimed to grant both parties sufficient time to complete the procedures stipulated in the offer and required before entering into final agreements related to the potential deal.
The company noted that all remaining terms and conditions of the offer remained in effect without any amendments.
In November, Gulf General signed a non-binding offer in November from BlueFive Investments Ltd (BlueFive), under which BlueFive intended to subscribe to new cash shares in the company through a capital increase with preemptive rights suspended,Argaam earlier reported.
Logo ofGulf General Cooperative Insurance Co.
In a statement to Tadawul, the insurer pointed out that the extension aimed to grant both parties sufficient time to complete the procedures stipulated in the offer and required before entering into final agreements related to the potential deal.
The company noted that all remaining terms and conditions of the offer remained in effect without any amendments.
In November, Gulf General signed a non-binding offer in November from BlueFive Investments Ltd (BlueFive), under which BlueFive intended to subscribe to new cash shares in the company through a capital increase with preemptive rights suspended,Argaam earlier reported.
