< Chubb Arabia Cooperative Insurance Company announced the start of initial discussions with Al Ahly Takaful Company in order to study the merger between the two companies.


According to Arabia Net, the company explained that entering into these discussions does not necessarily mean that the merger will take place between the two parties, but only to explore the possibility of a mutual benefit between the shareholders of the two companies.


In the event of a preliminary agreement on the merger, a non-binding memorandum of understanding will be signed with Al-Ahly Takaful Company to assess the feasibility of the merger of the two companies, but official approvals are still required before the merger is completed.