“Arab Shield” and “Al-Ahly Takaful” announce the stages of the merger process

Al-Ahly Takaful Saudi Company has published the circular from the board of directors of the company in about the merger, which is being prepared in compliance with the requirements of Article 39 of the Merger and Acquisition Regulation issued by the Board of the Capital Market Authority, which includes the opinion of the Board of Directors of Al-Ahly Takaful Company in about the offer presented to the shareholders of Al-Ahly Takaful for the purpose of merging Al-Ahly Takaful into the Arabian Shield Company.

The offering included independent advice provided to the Board of Directors of Al Ahli Takaful by Falcom Financial Services, appointed as financial advisor in relation to the merger.

The Arabian Shield Company has published the following documents relating to the merger transaction.

The documents included the offer document addressed to the shareholders of Al-Ahly Takaful Company, which includes the relevant details of the offer presented by the Arab Shield Company to the shareholders of Al-Ahly Takaful Company for the purpose of the merger. in exchange of the issue of new shares in their favor in the Arabian Shield Company, which is prepared in compliance with the requirements of Article (38) of the Mergers and Acquisitions Regulation.

It also included the Arabian Shield Company shareholder circular relating to the capital increase of the Arabian Shield Company in order to merge the Al-Ahly Takaful Company into the Arab Shield Company in exchange of the issue of new shares to the shareholders of Al-Ahly Takaful Company, which has been prepared in compliance with the requirements of the rules for the offer of securities and the ongoing obligations issued by the Board of the Capital Markets Authority.

It also included the calendar of the main stages of completion of the merger transaction, which shows the dates proposed for the main stages of completion of the merger transaction. in compliance with the provisions of paragraph C of article 17 of the Mergers and Acquisitions Regulation.

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