K&A successfully advised Gulf Union Al Ahlia Cooperative Insurance Co. (GUAI) on its merger agreement with Gulf General Cooperative Insurance Co. (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.

K&A’s team was led by Managing Partner Zeyad Khoshaim and Senior Associate Ghaida Meaigel, supported by associate Khaled Alhudaithy and a team of market leading associates.

This further cements K&A’s position as the leading public M&A law firm in Saudi Arabia, having led on the largest volume of public M&A in the Saudi capital market, and comes on the back of K&A successfully advising on multiple M&A deals this year most recently Bawan’s cross-border acquisition of Petronash.