Buruj appoints Alinma Investment as financial advisor for MEDGULF merger

Logos of Buruj Cooperative Insurance Co. and Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF)

Buruj Cooperative Insurance Co. announced appointing Alinma Investment as a financial advisor for its merger with The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF), according to a Tadawul statement.

 

For more news and details on M&As

 

In July, MEDGULF and Buruj signed a non-binding memorandum of understanding (MoU) to evaluate the feasibility of a potential merger.

 

The MoU is effective from the signing date until the completion of the potential deal, the termination of negotiations by either party, or one year from the signing date, whichever is earlier.

 

The MoU’s obligations, including confidentiality, will continue for three years, according to data available with Argaam.

Comments 0

Be the first to comment

loader Train
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Market Indices

TASI
12,025.05
54.86 0.46 %
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0011,950.0011,975.0012,000.0012,025.0012,050.0012,075.00
Close : 12025.05 | Mar 27, 15:20
More

Quotes

BURUJ
18.68
0.18 0.97%
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0011,950.0011,975.0012,000.0012,025.0012,050.0012,075.00
Close : 12025.05 | Mar 27, 15:20
More
MEDGULF
22.32
1.06 4.99%


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website