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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 | 144.00 | 0.20 (0.13 |
| TAWUNIYA | 119.30 | -2.40 (-1.98 |
| RASAN | 118.60 | 0.60 (0.50 |
| ALRAJHITAKAFUL | 86.90 | 0.55 (0.63 |
| QATI | 1.93 | 0.00 (0.00 |
05/02/2026
Invest Qatar, the Investment Promotion Agency of Qatar, and Doha Bank have announced a strategic partnership aimed at further enhancing the ease of doing business for foreign investors entering the Q
Gulf Times
05/02/2026
In celebration of Kuwait's national holidays, in which the country commemorates its beautiful history and achievements, National Bank of Kuwait announced a limited-edition issuance of KWD Visa Prepai
Kuwait Times
05/02/2026
As strategic partner to the second edition of the International Digital Cooperation Forum (IDCF) 2026, held 4 and 5 February 2026 at the Jumeirah Messilah Hotel, Kuwait City, ZainTECH is supporting t
Kuwait Times
05/02/2026
OQ Group and Kuwait Petroleum International (KPI) signed an agreement on Tuesday in Kuwait to develop a petrochemical project in the Special Economic Zone at Duqm (SEZAD).
The agreement was
Muscat Daily
05/02/2026
K Hovnanian ME Investments (KHME), a subsidiary of Hovnanian Enterprises, and the majority shareholder of Al Tahaluf Real Estate Company, CJSC, has signed a memorandum of understanding (MoU) with Sau
Trade Arabia
Financial Information Co.
Saudi Arabia