trending Market Intelligence /marketintelligence/en/news-insights/trending/dc3Sv4UgR-m_KVOJQesG5g2 content esgSubNav
In This List

Saudi insurers Gulf Union, Al Ahlia in potential merger talks

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers


Saudi insurers Gulf Union, Al Ahlia in potential merger talks

Gulf Union Co-operative Insurance Co. decided to initiate talks regarding a potential merger with Al Ahlia Insurance Co. for Cooperative Insurance, Argaam reported March 1.

The Saudi Arabia-listed insurers will discuss signing a nonbinding preliminary agreement that will lay out the proposed merger plan and timeline within the next 12 months, Argaam reported. A potential merger will be subject to approvals by regulators and shareholders of both insurers.

Gulf Union will name a financial adviser by March 16, Argaam said.