Creditor objection period on Metlife-Walaa merger ends today

27/02/2020 Argaam

 

The creditor objection period for the merger between MetLife AIG ANB Cooperative Insurance Co and Walaa Cooperative Insurance Co. will end today, Feb. 27, 2020.

 

According to the Companies Law, the merger will take effect upon the expiry of the creditor objection period, in the absence of any existing objections from Metlife AIG ANB creditors, the insurer said in a bourse filing.

 

Last month, shareholders of MetLife AIG ANB approved the proposed merger offer submitted by Walaa, Argaam reported.

 

The creditor objection period began on Jan. 28.

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