The United Cooperative Assurance Company (UCA) announces the signing of an extension of insurance agreement with the Saudi BinLadin Group for extending an engineering insurance coverage
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1
Oct
2023
21
Aug
2023
The United Cooperative Assurance Company (UCA) is pleased to inform its valued shareholders that nominations for election to the Board of Directors will be opened for the next three-year term starting on 13 January 2024 and ending on 12 January 2027.
3
Jul
2023
With reference to the announcement of United Cooperative Assurance Company (the “Company” or “UCA” or “Merging Entity”) on Tadawul’s website on 12/05/1444H (corresponding to 06/12/2022G) regarding the signing of a non-binding Memorandum of Understanding with Saudi Enaya Cooperative Insurance Company (“Enaya”), in order to evaluate a potential merger between the two companies, the Company announces that it has signed a binding merger agreement with Enaya on 11/11/1444H (corresponding to 31/05/2023G) (the “Merger Agreement”) reflecting the agreement of both companies to merge through a share swap transaction, whereby UCA shall issue 0.8373985652173910 ordinary shares in UCA against each issued share in Enaya (“Exchange Ratio”), to the benefit of the entitled shareholders in Enaya (i.e., shareholders owning the shares issued in Enaya on the effective date of the Merger Transaction) as consideration for the transfer of assets and liabilities of Enaya to UCA and without any cash consideration being paid (“Merger Transaction” or “Transaction” or “Merger”), all in accordance with applicable laws, notably the Companies Law issued by the Ministry of Commerce, the regulations of the Capital Market Authority (“CMA”), including the Mergers and Acquisitions Regulations, the Rules on the Offer of Securities and Continuing Obligations, the Listing Rules, as well as the relevant regulations of the Saudi Central Bank.
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3
Jul
2023
The United Cooperative Assurance Company announces the Ordinary General Meeting’s results (First Meeting), which was held at 19:30 PM on Sunday 14 Dhu Alhija 1444H Corresponding to 02 July 2023 through modern technology.
11
Jun
2023
The Board of Directors of the United Cooperative Assurance Company is pleased to invite its shareholders to attend the Ordinary General Assembly meeting (the first meeting), which will be held at 7:30 PM Sunday 14 Dhu Alhija 1444 H corresponding to 02 July 2023 by means of modern technology.
29
Mar
2023
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8
Mar
2023
29
Jan
2023
26
Nov
2022
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