Acquiring Company
Liva Insurance Company
Acquired Company
Malath Cooperative Insurance Company
Saudi ArabiaSaudi ArabiaInsuranceInsurtechInsuranceDescription
Liva Insurance Company (“Liva KSA”) and Malath Cooperative Insurance Company (“Malath Insurance”) have signed a non-binding memorandum of understanding to evaluate a potential merger between the two companies. The strategic partnership aims to enhance the customer experience, expand product offerings, and create more value for their shareholders, subject to the necessary due diligence, definitive agreement, and regulatory approvals.
Quick answer
Liva Insurance Company is acquiring Malath Cooperative Insurance Company, announced August 22, 2024. Liva Insurance Company is based in Saudi Arabia.
- How much did Liva Insurance Company pay for Malath Cooperative Insurance Company?
- The deal value was not disclosed.
- What does Liva Insurance Company do?
- Liva Insurance Company (“Liva KSA”) is a leading insurer in the region, providing a suite of best-in-class insurance services for customers across the Kingdom of Saudi Arabia, with SAR 522 million (USD 139 million) in..
- Where are Liva Insurance Company and Malath Cooperative Insurance Company based?
- Liva Insurance Company is based in Saudi Arabia. Malath Cooperative Insurance Company is based in Saudi Arabia.
- Who are the decision-makers at Liva Insurance Company?
- Fundz holds 1 contact at Liva Insurance Company. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Insurance and Insurtech
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- AXIAN Group acquires strategic stake in WiASSUR to strengthen African insurance footprint (September 26, 2024)
- Liva Group to potentially merge Liva KSA with Malath Cooperative Insurance Company to expand presence in Saudi Arabia (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)
Who to call at Liva Insurance Company, and when
When Liva Insurance Company changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Liva Insurance Company raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Liva Insurance Company, from your own LinkedIn network
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Frequently asked
Who acquired Malath Cooperative Insurance Company?
Malath Cooperative Insurance Company was acquired by Liva Insurance Company, based in Saudi Arabia. The deal was reported on August 22, 2024. Liva Insurance Company is privately held and operates in Insurance.
When did Liva Insurance Company acquire Malath Cooperative Insurance Company?
Liva Insurance Company's acquisition of Malath Cooperative Insurance Company was reported on August 22, 2024. Liva Insurance Company (“Liva KSA”) and Malath Cooperative Insurance Company (“Malath Insurance”) have signed a non-binding memorandum of understanding to evaluate a potential merger between the two companies. 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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