Saudi Enaya said the creditor objection period for its merger with Salama Insurance on Dec. 18, without any abjections received.
Saudi Enaya Cooperative Insurance Co. announced the end of the creditor objection period for its merger with Salama Cooperative Insurance Co. on Dec. 18. 
In a statement to Tadawul, the company said it didn’t receive any objections from its creditors during this period.
The merger is subject to several other conditions, most importantly the approval of the shareholders of both companies, the statement added, noting that Enaya will announce any material developments related to the merger transaction as it occurs.
According to data available with Argaam, Saudi Enaya invited its shareholders to vote on its planned merger with Salama on Jan. 4, 2026.
Under the agreement, Enaya will be merged into Salama, transferring all rights, obligations, assets and contracts to Salama. In return, Salama will issue 18.89 million ordinary shares to Enaya’s shareholders.
Saudi Enaya said the creditor objection period for its merger with Salama Insurance on Dec. 18, without any abjections received.
Saudi Enaya Cooperative Insurance Co. announced the end of the creditor objection period for its merger with Salama Cooperative Insurance Co. on Dec. 18.
In a statement to Tadawul, the company said it didn’t receive any objections from its creditors during this period.
The merger is subject to several other conditions, most importantly the approval of the shareholders of both companies, the statement added, noting that Enaya will announce any material developments related to the merger transaction as it occurs.
According to data available with Argaam, Saudi Enaya invited its shareholders to vote on its planned merger with Salama on Jan. 4, 2026.
Under the agreement, Enaya will be merged into Salama, transferring all rights, obligations, assets and contracts to Salama. In return, Salama will issue 18.89 million ordinary shares to Enaya’s shareholders.
