Logos of Arabian Shield Cooperative Insurance and Alinma Tokio Marine
Alinma Tokio Marine Co. announced the appointment of Yaqeen Capital as a financial advisor for the proposed merger with Arabian Shield Cooperative Insurance Co., according to a statement to Tadawul.
The insurer will inform the market with any material developments in due course.
On Dec. 13, Alinma Tokio and Arabian Shield signed a non-binding memorandum of understanding (MoU) on a potential merger, Argaam reported.
For More Mergers and Acquisitions
Comments
{{DisplayName}}
{{ElapsedTime}}