{"id":82028,"date":"2024-01-18T00:00:00","date_gmt":"2024-01-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/"},"modified":"2024-01-18T00:00:00","modified_gmt":"2024-01-18T00:00:00","slug":"alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/","title":{"rendered":"Alinma Bank acquires Tokio Marine\u2019s stake in Arabian Shield Ins."},"content":{"rendered":"

Ins.<\/span><\/p>\n

Alinma <\/strong>Bank has doubled its stake in Arabian Shield Ins. to 11.5%<\/strong> after signing an off-market agreement to acquire Tokio Marine & Nichido Fire Ins.<\/a> \u2019s full stake, according to two separate disclosures to Tadawul (here<\/a>, and here<\/a>). The transaction is expected to close by the end of March 2024, according to a TMNF press release (pdf)<\/a> yesterday. Information about the size of the transaction wasn\u2019t disclosed. <\/p>\n

The rationale:<\/strong>The Tokyo-based company claims that its divestment decision is part of a strategy to improve its capital efficiency and diversify investments. Tokio Marine struck an agreement with Arabian Shield to see the company \u201ccontinue serving Japanese clients\u201d in Saudi Arabia.<\/p>\n

Background:<\/strong> Tokio Marine and PIF-backed Alinma Bank established a JV dubbed Alinma Tokio<\/a>Marine Company<\/a> in 2012, which was then merged with Arabian Shield in November 2023. Tokio Marine & Nichido Fire is the non-life ins company of the global player Tokio Marine Holding. <\/p>\n

Other shareholders<\/strong>: <\/strong>Saudi National Bank holds a nearly 9% stake in Arabian Shield, followed by Bahrain National Holdings (7.5%) and Sultan Holdings (7%).<\/p>\n

\n

IN OTHER M&A NEWS-<\/p>\n

Arab Sea Information Systems is mulling the takeover of the <\/strong>Technical Business<\/a><\/strong>Company for Communications and Information Technology (Sharek)<\/a><\/strong>, it said in a statement<\/a> yesterday.<\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction is expected to close by the end of March 2024<\/p>\n","protected":false},"author":1,"featured_media":82029,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2575],"tags":[72,10,14],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-alinma-bank","tag-enterpriseam-ksa","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"78f4ef1d-13ce-465b-be71-b524764ff705","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1513.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[82020],"teaser":"The transaction is expected to close by the end of March 2024","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.af059e1d-92e5-432b-ae0b-946b7f6a4b6a.mp3"},"yoast_head":"\nAlinma Bank acquires Tokio Marine\u2019s stake in Arabian Shield Ins. - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alinma Bank acquires Tokio Marine\u2019s stake in Arabian Shield Ins.\" \/>\n<meta property=\"og:description\" content=\"The transaction is expected to close by the end of March 2024\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-18T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Alinma Bank acquires Tokio Marine\u2019s stake in Arabian Shield Ins.\",\"datePublished\":\"2024-01-18T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/\"},\"wordCount\":210,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Alinma Bank\",\"EnterpriseAM KSA\",\"M&A WATCH\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/\",\"name\":\"Alinma Bank acquires Tokio Marine\u2019s stake in Arabian Shield Ins. - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-01-18T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alinma Bank acquires Tokio Marine\u2019s stake in Arabian Shield Ins.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Alinma Bank acquires Tokio Marine\u2019s stake in Arabian Shield Ins. - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/","og_locale":"en_US","og_type":"article","og_title":"Alinma Bank acquires Tokio Marine\u2019s stake in Arabian Shield Ins.","og_description":"The transaction is expected to close by the end of March 2024","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/","og_site_name":"KSA","article_published_time":"2024-01-18T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Alinma Bank acquires Tokio Marine\u2019s stake in Arabian Shield Ins.","datePublished":"2024-01-18T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/"},"wordCount":210,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?fit=%2C&ssl=1","keywords":["Alinma Bank","EnterpriseAM KSA","M&A WATCH"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/","name":"Alinma Bank acquires Tokio Marine\u2019s stake in Arabian Shield Ins. - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?fit=%2C&ssl=1","datePublished":"2024-01-18T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/alinma-bank-acquires-tokio-marines-stake-in-arabian-shield-ins\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Alinma Bank acquires Tokio Marine\u2019s stake in Arabian Shield Ins."}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1513.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/82028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=82028"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/82028\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/82020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/82029"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=82028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=82028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=82028"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=82028"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=82028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}