Mubasher: Al Ahlia Insurance Company confirmed on Wednesday Solidarity Group Holding’s intention to make an offer to purchase up to 100% of the company’s issued and paid-up ordinary shares.

Thus, trading on Al Ahlia’s shares will be suspended until further notice, according to a bourse filing.

Earlier on 13 October, Fadi Nabih Khatib resigned from his position as a general manger, and Saminathan Veerapandian was appointed as an acting general manager.