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New Deal


Announced

Saudi Public Pension Agency to merge with GOSI.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Pending

Majority

Saudi Arabia

Full Line Insurance

social insurance law

Domestic

Friendly

Acquisition

Single Bidder

Merger

Private

Synopsis

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Saudi Public Pension Agency, a pension agency firm, agreed to merge with GOSI, a Saudi Arabian government agency. Financial terms were not disclosed. The merger process will not affect the mechanism and dates of disbursement of insurance benefits to insurance or pensions clients, nor the progress of operations or transactions, the two institutions confirmed.

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