Al Ahlia for Cooperative Insurance announces that the end of the creditors ’objection period related to the merger deal between Al Ahlia for Cooperative Insurance and Gulf Union Cooperative Insurance Company is approaching
| Element List | Explanation |
|---|---|
| Announcement Detail | With reference to Al Ahlia for cooperative Insurance "Al Ahlia" announcement on the date of 17/03/1442 H (corresponding to - 03/11/2020 G) on Tadawul regarding the start of the creditors ’objection to the merger agreement between Al Ahlia and Gulf Union Cooperative Insurance Company In accordance with the provisions of Article (193) of the Companies Law, Al Ahlia wishes to remind that the creditors ’objection period will expire at the end of the day 18/04/1442 H(corresponding to 03/12/2020 G). Under the Companies Law, the merger decision will take effect immediately after the creditors ’objection period has elapsed, in the absence of any existing objection from Al Ahlia creditors to the merger deal.
For more details about the merger deal, shareholders should refer to the offer document issued by Gulf Union and the Board Circular of Al Ahlia issued by the Board of Directors of Al Ahlia. |
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