Potential Merger Between Arabia Insurance Cooperative and United Cooperative Assurance

On 19 June 2025, Arabia Insurance Cooperative and United Cooperative Assurance signed a non-binding memorandum of understanding for a potential merger.

Both insurers will conduct technical, financial, tax, legal, and actuarial due diligence on the terms and conditions of the transaction.

If an agreement is reached, the merger will be carried out through a share exchange offer, involving a capital increase by Arabia Insurance Cooperative and issuing new shares to the shareholders of United Cooperative Assurance.

However, the transaction remains subject to the signing of a binding agreement and the approval of the relevant authorities and the shareholders of the respective companies.