On March 24, 2026, Liva Insurance Co. announced that its memorandum of understanding with Malath Cooperative Insurance Co. for a potential merger has expired without renewal or reaching a binding agreement. The MOU, originally signed in August 2024, had been extended twice but negotiations have now ceased. Liva incurred costs for advisers and half the costs of the application to the General Authority for Competition during the evaluation process.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.