K&A with GUAI on merger with GGI
K&A advised Gulf Union Al Ahlia Cooperative Insurance (GUAI) on its merger agreement with Gulf General Cooperative Insurance (GGI), along with GUAI’s firm intention to make an offer in that respect. Both GUAI and GGI are licensed insurance companies, publicly listed in the Kingdom of Saudi Arabia. The merger aims to strengthen GUAI’s position in the market and to enhance the overall insurance sector in Saudi Arabia, and is the first public merger in 2024. The merger is still subject to regulatory and shareholder approvals.
The team
K&A’s team was led by managing partner Zeyad Khoshaim (pictured) and senior associate Ghaida Meaigel, and supported by associate Khaled Alhudaithy.
