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Gulf Union hires SKFH as financial advisor

Gulf Union hires SKFH as financial advisor
(Photo Credit: Arabianeye-Reuters)
GULF UNION ALAHLIA
8120
89.33% 23.78 11.22

Riyadh – Mubasher: Gulf Union Cooperative Insurance appointed Saudi Kuwait Finance House (SKFH) as the financial advisor for the merger with Al Ahlia Cooperative Insurance.

The finance house will conduct the technical and financial studies required for the merger, according to a bourse filing on Wednesday.

The merger is subject to regulatory approvals and the decision of the extraordinary general meeting (EGM), the company said.

Moreover, Al Ahlia appointed Wasatah Capital as its financial advisor to manage the proposed merger.