LIVA, Malath extend MoU on potential merger for 1 month

Malath, LIVA extend MoU under previously agreed terms

Malath Cooperative Insurance Co. and LIVA Insurance Co. agreed, on Feb. 21, to extend their non-binding memorandum of understanding (MoU) to evaluate their potential merger for an additional month.

In separate statements to Tadawul, both companies said that the MoU will be extended until March 23, 2026, under the same terms and conditions.

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

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

In August, they announced extending the MoU for additional six months, until Feb. 21, 2026.