Midgul and Buruj publishes paperwork and circulars associated to their integration

The slogan of my firm, Midgev and Burj Cooperative Insurance coverage

An organization introduced The Mediterranean and the Gulf for Insurance coverage and Cooperative Insurance coverage – Midgalv About publishing the present doc and generalizing shareholders associated to the potential merger take care of an organization Borouge Cooperative Insurance coverage.

To see extra information and processes of mergers and acquisitions

In line with the corporate’s assertion on Tadawul, the next paperwork had been printed:

Firstly: Circulating shareholders ready by the corporate and directed to its shareholders in accordance with the necessities of Article (60) of the foundations for providing securities and ongoing obligations concerning the corporate’s capital enhance for the aim of merging the Bruges Firm in Midgul Firm and transferring all its rights, obligations, belongings and contracts to the Medgog Firm.

The members of the Midgegal Board of Administrators careworn the necessity for the corporate’s shareholders to learn all the data contained in generalizing and learning shareholders fastidiously earlier than making their choice concerning the vote on the mixing deal, and within the occasion of any doubt concerning the vote that needs to be taken by any shareholder within the extraordinary normal meeting for the merger, it’s mandatory to acquire an unbiased monetary session from an unbiased monetary advisor and licensed by the Saudi Capital Market Authority and depend on reviewing the non-public shareholder of the deal Integration to make sure the appropriateness of the deal and the data contained on this generalization of its funding objectives and its monetary situations.

secondly: The presentation doc ready by the corporate and directed to the shareholders of Bruges, which incorporates the small print associated to the provide offered in accordance with the necessities of Article (38) of the checklist of integration and acquisition; For the aim of integration.

The corporate careworn the necessity for the shareholders of Bruges to learn all the data contained within the presentation doc and generalize the board of administrators, which shall be issued by the Borouj Board of Administrators and their examine fastidiously earlier than making their choice concerning the vote on the mixing deal.

Third: The timetable for the fundamental levels of the merger deal, which reveals the proposed dates of the fundamental levels of finishing the deal in accordance with the necessities of paragraph (C) of Article (17) of the checklist of integration and acquisition.

The corporate identified that the merger deal remains to be topic to various different situations, together with acquiring the approval of the shareholders of the Medgogs Firm, the shareholders of Bruges and different situations talked about within the announcement of the conclusion of the settlement.

She indicated that she would announce any basic developments concerning the deal on the time, together with the invitation to the extraordinary normal meeting associated to the mixing deal.

In a separate assertion to Tadawul, Borouj Cooperative Insurance coverage Firm introduced the publication of the round of its board of administrators, which incorporates the opinion of its board of administrators concerning the provide submitted to Buruj shareholders concerning the mixing take care of the Mediterranean and the Gulf Insurance coverage and Cooperative Insurance coverage Firm – Midgalv.

The corporate added that the round is ready in accordance with the necessities of Article 39 of the checklist of integration and acquisition, which incorporates the opinion of the Board Board of Administrators concerning the provide submitted to the shareholders of Bruges with regard to the mixing deal, and likewise consists of the unbiased recommendation offered to the Board of Administrators of Bruges by the Monetary Growth Firm, which was appointed as a monetary advisor to Bruges in relation to the merger deal in accordance with the provisions of Article 18 of the checklist of integration and acquisition.

She said that various paperwork associated to the mixing deal shall be made obtainable within the round of the Board of Administrators to examine by the shareholders of Bruges from the date of September 28, 2025, through the common working hours from 9 am till 5 pm throughout any working day (Sunday till Thursday) from the date of the publication of this round till the top of the presentation interval (in accordance with the definition contained within the generalization of the board 51855 Riyadh 11553, Saudi Arabia).

The corporate indicated that Bruges’s Board of Administrators affirmed the significance of the shareholders’ studying of the provide doc and the generalization of the Board of Administrators intimately earlier than voting on any of the choices associated to the merger deal. Within the occasion of any doubt concerning the procedures that needs to be taken, the Board of the Buruj Firm recommends that the related shareholder acquire an unbiased monetary session by an unbiased monetary advisor licensed by the Saudi Capital Market Authority, offered that the involved shareholder is confirmed by the appropriateness of the mixing deal and the data contained within the presentation doc and the publication of the Board of Administrators to the funding objectives and its monetary situations.

The corporate indicated that it will announce any basic developments concerning the mixing deal on the time.

Essential dates within the presentation schedule:

Doc of Midgul Firm

The timetable for displaying the corporate Midgalv

Board of Administrators of Buruj Firm