SAUDI ARABIA: Gulf General Cooperative Insurance Company (GGI) has extended the term of a non-binding offer by BlueFive Investments relating to a proposed capital increase. The offer involves BlueFive subscribing to new cash shares in GGI with the suspension of existing shareholders’ pre-emptive rights.
The extension was agreed on the 22nd January 2026 and will lapse on the 14th March 2026. GGI stated the extension is to allow sufficient time to complete procedures required before finalizing definitive agreements. All other terms of the non-binding offer remain unchanged.
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