AICC names Albilad Capital as financial advisor UCA merger

17/07/2025 Argaam
Logos of United Cooperative Assurance Co. (UCA) and Arabia Insurance Cooperative Co. (AICC)

Logos of United Cooperative Assurance Co. (UCA) and Arabia Insurance Cooperative Co. (AICC)

Arabia Insurance Cooperative Co. appointed Albilad Investment Co. (Albilad Capital) as a financial advisor on the proposed merger with United Cooperative Assurance Co. (UCA).


In a statement to Tadawul today, the company said that announcements will be made later for any future developments as they occur.

 

For more news and details on M&As

 

In June, AICC signed a non-binding memorandum of understanding (MoU) with UCA to evaluate a potential merger between the two Saudi-listed companies, according to Argaam data.

 

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