On February 23, 2026, Malath Cooperative Insurance Co. announced it has agreed with Liva Insurance Co. to extend their memorandum of understanding for an additional month until March 23, 2026, under the same previous terms and conditions. The MOU, originally signed to evaluate a potential merger between the two companies, has undergone several developments since its initial announcement in August 2024, including the appointment of a financial adviser, receipt of regulatory non-objection from the General Authority for Competition, and agreement on initial merger structure. The extension was agreed upon on February 21, 2026, continuing the evaluation process for the potential merger between the two insurance companies.

Original announcement:

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