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Addendum announcement from Chubb Arabia Cooperative Insurance Company on the latest developments regarding the initial discussions with Al-Ahli Takaful Company to study the merger of the two companies.

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Element List Explanation
Introduction Further to the Tadawul announcement of 19/02/2020, Chubb Arabia Cooperative Insurance Company announces the latest developments regarding the initial discussions with Al-Ahli Takaful Company to study the merger of the two companies.
Date of Posting the Previous Announcement of Development on Tadawul's Website 2020-02-19 Corresponding to 1441-06-25
URL of the Previous Announcement Click Here
Change on the Development It was agreed between Chubb Arabia Cooperative Insurance Company and Al-Ahli Takaful Company to end the initial discussions and not to continue studying the two companies' merger.

Chubb Arabia Cooperative Insurance Company would like to extend its thanks to Al-Ahli Takaful Company for the efforts made and wishes them success.

Financial Impact on the change NA

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