GAC approves economic concentration between Amana Insurance, Saudi Enaya

02/08/2021 Argaam

Logos of Saudi Enaya and Amana Insurance


The General Authority for Competition (GAC) issued a no-objection certificate to the completion of the economic concentration process between Amana Cooperative Insurance Co. and Saudi Enaya Cooperative Insurance Co.

 

The economic concentration will be through the merger of Saudi Enaya with Amana Insurance, GAC said on its official Twitter account.

 

In April, Amana Insurance signed a binding merger agreement with Saudi Enaya, under which Saudi Enaya will be merged into Amana, Argaam earlier reported.

 

For More M&As

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
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.