Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- QSE index closes 0.63 percent higher
- Julphar plans to invest Dh300 million over next five years: CEO
- Emirates NBD in India: Bank gets in-principle nod to set up wholly owned subsidiary
- China's Xiaomi to invest nearly $7 bn in chips
- Gold prices rise as dollar declines
- Travel and tourism sector to contribute QR124.2 billion to Qatar's economy in 2025
- UAE's domestic debt market issuance to hit Dh66.1b in 2025
- Investcorp to invest in expansion of Oman's Port of Duqm
- Acwa Power inks $500m deals with top US firms at key Saudi forum
- NMDC unit eyes Chinese JV to build valve facility in UAE
06/04/2014 08:56 AST
Arabia Insurance Cooperative Co. (AICC) has paid SR201 million in damages claimed by Zahid Tractor & Heavy Machinery Co. following a gas truck explosion in 2012, local media said.
Some 26 people were reported killed and 111 injured after a fuel truck crashed into a concrete flyover and exploded in eastern Riyadh on Nov. 1, 2012, where the buildings of Zahid Tractor were located.
In a statement posted on the Saudi stock exchange (Tadawul), AICC said the payment of the claim would not materially affect the company's financial position as the losses emerging from the incident are re-insured by 99.51 percent at a re-insurance company.
Meanwhile, Zahid Tractor said the financial impact of the claim is expected to appear on the financial statements of the company from the first quarter of the current year.
Arab News
25/02/2013
Arabia Insurance Cooperative Company - AICC announces the financial results for the year ended 31/12/2012 as follows:
1.The net loss is SR 2,859 thousand riyals, before Zakat and income
Tadawul
21/01/2013
ARABIA INSURANCE COOPERATIVE COMPANY (AICC) ANNOUNCES PRELIMINARY FINANCIAL RESULTS FOR THE PERIOD ENDED ON 31/12/2012 (TWELVE MONTHS).
1.The net loss before Tax and Zakat for the fourth q
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| BUPAARABIA | 177.40 | -3.80 (-2.10 |
| TAWUNIYA | 143.40 | -3.60 (-2.45 |
| ALRAJHITAKAFUL | 121.20 | -2.60 (-2.11 |
| QATI | 1.94 | -0.02 (-1.03 |
| RASAN | 83.80 | -2.20 (-2.56 |
20/05/2025
Gulf Pharmaceutical Industries (Julphar) plans to invest Dh300 million over the next five years to expand its manufacturing base and localise advanced pharmaceutical technologies, CEO Basel Ziyadeh c
Gulfnews
20/05/2025
The Reserve Bank of India (RBI) has given an in-principle approval to UAE's Emirates NBD Bank PJSC to set up a wholly owned subsidiary (WOS) in India.
Emirates NBD is currently conducting co
Gulfnews
20/05/2025
Investcorp, a leading global alternative investment firm, on Monday announced that its infrastructure platform has signed a cooperation agreement to invest in a $550 million infrastructure project in
Khaleej Times
20/05/2025
Saudi-based Acwa Power, the world's largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, has announced the signing of MoUs with US compan
Trade Arabia
20/05/2025
NMDC LTS, a business vertical of NMDC Group, a global leader in engineering, procurement, construction (EPC), and marine dredging services, has announced the signing of an MoU to explore the establis
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia