Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has ended the suspension on trading the shares of MetLife AIG ANB Cooperative Insurance and Walaa Cooperative Insurance Company.

Suspending trade on the two companies’ stocks came upon their respective requests to Tadawul.

Saudi Arabian Monetary Authority (SAMA) recently approved the merger between the two insurance firms. Moreover, the two companies will continue working to obtain the required regulatory approvals.

Completing the merger is subject to the approval of the required regulatory approvals, and the approval of the extraordinary meetings by the two companies’ respective general assemblies.

MetLife AIG ANB Cooperative Insurance and Walaa Cooperative Insurance signed a binding merger agreement back in September.