Gulf Union Al Ahlia names AlJazira Capital financial advisor on Gulf General merger

15/08/2024 Argaam
Logo ofGulf Union Al Ahlia Cooperative Insurance Co.

Logo of Gulf Union Al Ahlia Cooperative Insurance Co.

Gulf Union Al Ahlia Cooperative Insurance Co. appointed AlJazira Capital as financial advisor for the proposed merger with Gulf General Cooperative Insurance Co.

 

New developments will be announced in due course, the company said in a statement to Tadawul.

 

For More Mergers and Acquisitions

 

According to data available to Argaam, Gulf General recently signed a non-binding memorandum of understanding (MoU) with Gulf Union Al Ahlia to evaluate a potential merger.

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