On March 24, 2026, Malath Cooperative Insurance Co. announced that its memorandum of understanding with Liva 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 - first for six months in August 2025, then for an additional month until March 23, 2026. Both parties have ceased negotiations regarding the proposed merger, with Malath incurring costs for advisers and half the costs of the General Authority for Competition application.

Original announcement:

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