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Liva Group to potentially merge Liva KSA with Malath Cooperative Insurance Company to expand presence in Saudi Arabia

PRIVATEAug 22, 2024

Acquiring Company

Liva Group

Acquired Company

Malath Cooperative Insurance Company

DasmariñasSaudi ArabiaInsuranceInsurtechInsurance

Description

Liva Group, a leading insurer in the GCC, is exploring the potential merger of Liva KSA with Malath Cooperative Insurance Company as part of its strategy to expand its footprint in Saudi Arabia. This potential merger aims to unlock significant growth opportunities and strengthen the market position of Liva Group in the dynamic Saudi Arabian market.

Quick answer

Liva Group is acquiring Malath Cooperative Insurance Company, announced August 22, 2024. Liva Group is based in Dasmariñas, Cavite, Philippines.

How much did Liva Group pay for Malath Cooperative Insurance Company?
The deal value was not disclosed.
What does Liva Group do?
Liva Group is a leading multi-line insurer in the GCC, with strong technical capabilities and customizable solutions across all lines of insurance.
Where are Liva Group and Malath Cooperative Insurance Company based?
Liva Group is based in Dasmariñas, Cavite, Philippines. Malath Cooperative Insurance Company is based in Saudi Arabia.

Source: Fundz verified event record.

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Company Information

Company

Liva Group

Location

Dasmariñas, Cavite, Philippines

About

Liva Group is a leading multi-line insurer in the GCC, with strong technical capabilities and customizable solutions across all lines of insurance. It has established operations across GCC markets, including Oman, Saudi Arabia, the United Arab Emirates, Kuwait, and Bahrain. The Group also has wholly owned subsidiaries to support its business growth.

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Frequently asked

Who acquired Malath Cooperative Insurance Company?

Malath Cooperative Insurance Company was acquired by Liva Group, based in Dasmariñas. The deal was reported on August 22, 2024. Liva Group is a leading multi-line insurer in the GCC, with strong technical capabilities and customizable solutions across all lines of insurance. Liva Group is privately held and operates in Insurance.

When did Liva Group acquire Malath Cooperative Insurance Company?

Liva Group's acquisition of Malath Cooperative Insurance Company was reported on August 22, 2024. Liva Group, a leading insurer in the GCC, is exploring the potential merger of Liva KSA with Malath Cooperative Insurance Company as part of its strategy to expand its footprint in Saudi Arabia. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Malath Cooperative Insurance Company do?

Malath Cooperative Insurance Company is a leading provider of insurance products and services, fulfilling the needs of the local market through an ideal insurance concept and total professionalism. It is privately held, operating in Insurtech, and is based in Saudi Arabia.

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