Liva Group to potentially merge Liva KSA with Malath Cooperative Insurance Company to expand presence in Saudi Arabia
Acquiring Company
Liva Group
Acquired Company
Malath Cooperative Insurance Company
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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- AXIAN Group acquires strategic stake in WiASSUR to strengthen African insurance footprint (September 26, 2024)
- Liva Insurance Company and Malath Insurance to Evaluate Potential Merger (August 22, 2024)
- NSM Insurance Group completes acquisition of InsurEvo Group (AllClear and InsureandGo) to expand travel insurance portfolio (August 16, 2024)
- Arch Capital acquires Allianz's U.S. MidCorp business (August 1, 2024)
- Inszone Insurance Services completes acquisition of Erickson King & Associates, LLC to broaden employee benefits reach (October 2, 2024)
- EPIC completes acquisition of TDC Life, expanding life and executive benefits platform (October 1, 2024)
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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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