The Securities Depository Center Co. (Edaa) implemented the securities quantity increase for Gulf Union Cooperative Insurance Co. into the accounts of eligible shareholders today, Dec. 8, it said in a statement.

 

According to data compiled by Argaam, Gulf Union announced, on Dec. 6, the effectiveness of the merger resolution, pursuant to which all assets and liabilities of Al-Ahlia Insurance Co. will be transferred to Gulf Union by issuing new shares with no outstanding unsatisfied creditor objections.

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