Creditors objection period of Solidarity-Aljazira Takaful merger starts Jan. 27

The creditors objection period related to the merger deal between Solidarity Saudi Takaful Co. and Aljazira Takaful Taawuni Co. starts on Jan. 27 until Feb. 26, 2021, according to a bourse filing.

Accordingly, any creditor of Solidarity Takaful has the right to object to the merger deal by sending a registered letter to the company's headquarters.

Aljazira Takaful shareholders approved the merger with Solidarity Saudi Takaful Co. through capital increase at the extraordinary general meeting (EGM) held on Jan. 26, 2021, Argaam reported.

Also, Solidarity’s shareholders approved the offer submitted by Aljazira Takaful Taawuni Co. for the purpose of merger in accordance with the provisions of Articles (190) to (193) of the Companies Law, during the ordinary general meeting (OGM) held on Jan. 26, 2021.

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