“Al-Muammar” acquires 15% of the “Etizam” insurance platform
Yesterday, the Board of Directors of Al-Moammar Information Systems Company approved the acquisition of a 15% stake in the platform’s investment round "commitment" Insurance.
The company said in a statement on the website "Saudi Arabia trading"The total valuation of the platform amounts to 130 million riyals, with an investment value of 19.5 million riyals.
According to the statement, this decision comes in line with the strategic objectives and vision of the company. "MIS" In growth and expansion by enhancing its investments in the insurance sector through qualitative partnerships and strategic investments that contribute to diversifying its business portfolio.
This deal is subject to legal and financial examination procedures, in addition to obtaining the necessary regulatory approvals from the competent authorities before the official completion of the deal. Any subsequent material developments related to this transaction will be announced in due course.
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