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United Cooperative Assurance Company (UCA) and Arabia Insurance Cooperative Company (AICC) have mutually agreed to terminate their Memorandum of Understanding (MOU) regarding a potential merger.
The termination of negotiations and due diligence was executed on March 4, 2026.
UCA confirmed that it has incurred associated costs for professional advisers and an application to the General Authority for Competition.

Element List	Explanation
Introduction	With reference to the announcement made by United Cooperative Assurance Company (“UCA” or the “Company”) on the Saudi Exchange website on 23/12/1446H (corresponding to 19/06/2025G) in relation to its entry into a non-binding Memorandum of Understanding (“MOU”) with Arabia Insurance Cooperative Company (“AICC”) pursuant to which both companies will conduct technical, financial, tax, legal, and actuarial due diligence related to the potential merger between the two companies (the “Proposed Merger”). Pursuant to the termination agreement executed by the parties on 15/09/1447H (corresponding to 04/03/2026G), UCA announces the termination of the MOU and all negotiations related to the Proposed Merger based on the mutual consent of both parties.
Previous Announcement	United Cooperative Assurance Company announced signing a Memorandum of Understanding with Arabia Insurance Cooperative Company to evaluate a potential merger between the two companies.
Date of Previous Announcement on Saudi Exchange’s Website	2025-06-19 Corresponding to 1446-12-23
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The termination of the MOU and all negotiations related to the Proposed Merger with AICC, based on the mutual agreement by the parties.
The costs associated with the event, and if they have changed or not with indication of the reasons.	The Company incurred the costs of the advisers, and the costs of the application to the General Authority for Competition.
Additional Information	None

United Cooperative Assurance Co. Announces an update on United Cooperative Assurance Company announced signing a Memorandum of Understanding with Arabia Insurance Cooperative Company to evaluate a potential merger between the two companies.