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26/10/2025

Announcement from The Saudi Exchange Regarding the Trading Suspension on Buruj Cooperative Insurance Co. Shares

In reference to Buruj Cooperative Insurance Co. announcement on the Saudi Exchange website on 04/05/1447H corresponding to 26/10/2025G regarding the Company's EGM approval of the offer submitted by The Mediterranean and Gulf Insurance and Reinsurance Co. to merge Buruj Cooperative Insurance Co. with The Mediterranean and Gulf Insurance and Reinsurance Co. through securities exchange offer. 

The Saudi Exchange announces the trading suspension on Buruj Cooperative Insurance Co. shares in the Saudi Exchange starting from today Sunday 04/05/1447H corresponding to 26/10/2025G to commence delisting procedures of the company’s shares. Furthermore, the Securities Depository Center (Edaa) will announce the implementation of the increase in the quantity of  The Mediterranean and Gulf Insurance and Reinsurance Co. shares and the deposit of the new shares in the Center’s Accounts of all eligible Buruj Cooperative Insurance Co. shareholders after two business days from the Company's EGM approval and up to 6 business days as per the Exchange and Center Procedures.
 

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