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AMANA INSURANCE
8310
21.52%
12.76
2.26
8310
ENAYA
8311
62.94%
17.76
6.86
8311
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company has started initial discussions with Amana Cooperative Insurance Company to explore the possibility of a merger between the two companies.
In case an initial agreement is reached, a non-binding memorandum of understanding (MoU) will be signed between the two insurers to assess the feasibility of the merger, subject to obtaining necessary approvals before completing the merger, according to a bourse filing on Monday.
Further details will be provided in due course, Saudi Enaya said.
Source:
Mubasher