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

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


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.