Arabia Insurance Cooperative Company (AICC) has announced the termination of the MOU and all negotiations related to the proposed merger with United Cooperative Assurance Company (UCA), based on the mutual consent of both parties, according to a statement AICC lodged with the Saudi Exchange (Tadawul).
The statement said that a termination agreement was executed by the two parties on 4 March 2026.
On 19 June 2025, AICC announced the signing of a non-binding MOU with UCA pursuant to which both companies would conduct technical, financial, tax, legal, and actuarial due diligence related to the potential merger between the two companies.