Logos ofSalama Cooperative Insurance Co. andSaudi Enaya Cooperative Insurance Co.
Salama Cooperative Insurance Co. inked on Aug. 14, a binding merger agreement with Saudi Enaya Cooperative Insurance Co., according to a statement to Tadawul. 
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It also expressed its firm intention to make an offer pursuant to the merger, in accordance with the conditions and provisions of the merger agreement, the statement added.
In June, Saudi Arabia’s General Authority for Competition (GAC) issued a no-objection on the economic concentration process related to the proposed merger betweenSaudi Enaya Cooperative Insurance Co.andSalama Cooperative Insurance Co., data compiled by Argaam showed.
According to data available withArgaam, Saudi Enaya and Salama signed a non-binding memorandum of understanding in February to assess the feasibility of the merger.
Logos ofSalama Cooperative Insurance Co. andSaudi Enaya Cooperative Insurance Co.
Salama Cooperative Insurance Co. inked on Aug. 14, a binding merger agreement with Saudi Enaya Cooperative Insurance Co., according to a statement to Tadawul.
For more news and details on MAs
It also expressed its firm intention to make an offer pursuant to the merger, in accordance with the conditions and provisions of the merger agreement, the statement added.
In June, Saudi Arabia’s General Authority for Competition (GAC) issued a no-objection on the economic concentration process related to the proposed merger betweenSaudi Enaya Cooperative Insurance Co.andSalama Cooperative Insurance Co., data compiled by Argaam showed.
According to data available withArgaam, Saudi Enaya and Salama signed a non-binding memorandum of understanding in February to assess the feasibility of the merger.
