Buruj Cooperative Insurance Co. announced on October 26, 2025, that its Extraordinary General Assembly Meeting held on October 23, 2025, approved the merger with Mediterranean and Gulf Insurance and Reinsurance Co. (Medgulf). The meeting, conducted via modern technology with 63.19% shareholder attendance, approved Medgulf's offer to merge Buruj through the issuance of 33,157,894 new Medgulf shares. Trading in Buruj shares will be suspended until delisting, expected between the third and sixth trading period following the merger resolution. The consideration shares will be allocated to Buruj shareholders registered at the end of the second trading period after the resolution date.

Original announcement:

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