April 19, 2018 / 5:14 AM / 4 months ago

BRIEF-Walaa Cooperative To Study Merger Possibility With Al-Saqr Cooperative

April 19 (Reuters) - WALAA COOPERATIVE INSURANCE COMPANY :

* BOARD APPROVES TO START AN INITIAL UNDERSTANDING TO STUDY MERGER WITH AL-SAQR COOPERATIVE INSURANCE COMPANY

* DURING NEXT 6 MONTHS, TWO COS WILL SIGN NON-BINDING MOU TO CONDUCT TECHNICAL, FINANCIAL AND LEGAL STUDIES NECESSARY FOR MERGER PROCESS Source text for Eikon: Further company coverage:

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