Announcement from The Saudi Stock Exchange (Tadawul) Regarding the Trading Suspension on Al-Ahlia Insurance Company’s Shares

Sunday, December 06, 2020 at 9:23 AM

Sun Dec 6, 2020 09:23

In reference to Al-Ahlia Insurance company’s announcement on the Saudi Stock Exchange (Tadawul) website on 17/03/1442H corresponding to 03/11/2020G regarding the Company's EGM approval of the offer submitted by Gulf Union Cooperative Insurance Co. to merge  Al-Ahlia Insurance Co. with  Gulf Union Cooperative Insurance Co. through securities exchange offer, and in reference to Al-Ahlia Insurance Company’s announcement of the effective date of the merger starting from 21/04/1442H corresponding to 06/12/2020G.
The Saudi Stock Exchange (Tadawul) announces the trading suspension on Al-Ahlia Insurance Company’s shares in the Saudi Stock Exchange starting today Sunday 21/04/1442H corresponding to 06/12/2020G to commence delisting procedures of the Al-Ahlia Insurance Company’s shares. Furthermore, the Securities Depository Center (Edaa) will announce the implementation of the increase in the quantity of Gulf Union Cooperative Insurance Company’s shares and the deposit of the new shares in the Center’s Accounts of all eligible Al-Ahlia Insurance Co. shareholders after two business days from the effective date of the merger and up to 6 business days as per The Exchange and Center Procedures.