PHOTO
Riyadh – Solidarity Saudi Takaful Company and Aljazira Takaful Taawuni Company have signed an amended non-binding memorandum of understanding (MoU) to evaluate a potential merger between the two firms.
Accordingly, the two companies will conduct inspections on the technical, financial, legal, and actuarial aspects of the merger deal terms and conditions.
Aljazira and Solidarity agreed that evaluation will be based on the equity book value and the adjusted equity book value as of 31 December 2019, according to a statement to the Saudi Stock Exchange (Tadawul).
The new agreement is valid until the end of September 2020.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
