ADDENDUM ANNOUNCEMENT FROM ALAHLI TAKAFUL ABOUT THE LATEST DEVELOPMENTS REGARDING THE INITIAL DISCUSSIONS WITH CHUBB ARABIA COOPERATIVE INSURANCE COMPANY TO STUDY THE MERGER OF THE TWO COMPANIES
| Element List | Explanation |
|---|---|
| Introduction | Further to the Tadawul announcement of 19/02/2020G, AlAhli Takaful announces the latest developments regarding the initial discussions with Chubb Arabia Cooperative Insurance 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 AlAhli Takaful Company and Chubb Arabia to end the initial discussions and not continue studying the two companies' merger.
AlAhli Takaful Company would like to extend its appreciation to Chubb Arabia for the efforts made, with sincere wishes for success. |
| Financial Impact on the change | There is no Financial impact on AlAhli Takaful |
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