Malath, LIVA extend MoU to evaluate potential merger for six months

Malath, LIVA reached preliminary agreement to structure a potential merger deal in Dec. 2024

Malath Cooperative Insurance Co. and LIVA Insurance Co. agreed, on Aug. 20, to extend the memorandum of understanding (MoU) to evaluate their potential merger for additional six months.

In separate statements to Tadawul, both companies said that the MoU will be extended until Feb. 21, 2026, under the same terms and conditions.

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In August 2024, the two insurers signed a non-binding MoU to evaluate a potential merger, Argaam reported.

In December 2024, Malath reached a non-binding and preliminary agreement with LIVA to structure the potential merger deal, under which LIVA will merge into Malath.