Liva Insurance Company, KSA (formerly Al Alamiya for Cooperative Insurance) and Malath Cooperative Insurance Company have signed a non-binding Memorandum of Understanding for a potential merger.
The completion of this merger will enable Liva KSA, a subsidiary of Liva Group, to assert its presence in Saudi Arabia. Khalid Al Zubair, Chairman of Liva Group, considers the Kingdom to be a pillar for the Group’s development in the GCC (Gulf Cooperation Council) zone.
Liva KSA closed the financial year 2023 with a turnover of 522 million SAR (139.11 million USD).
