Saudi Enaya rejects merger project with Amana

After months of negotiations, Saudi Enaya Cooperative Insurance and Amana Cooperative Insurance have put an end to their merger project.

In an extraordinary general meeting held on 9 January 2022, Saudi Enaya's shareholders rejected the operation's conditions proposed by Amana.

For the record, discussions between the two companies started in 2020. The two parties agreed to merge in April 2021.