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21/09/2015 06:15 AST
Saudi Arabia's United Cooperative Assurance said on Sunday it had received a claim from Saudi Binladin Group over the collapse of one of the construction firm's cranes at the Grand Mosque in Makkah that killed more than 100 people.
The insurance firm said it had received the claim on September 13 and it had appointed evaluators licensed by the country's banking regulator to determine the damage caused by the accident, a bourse filing said.
At least 107 people were killed when a crane toppled over at Mecca's Grand Mosque on September 11, leading Saudi Arabia to suspend Binladin from new contracts and order a review of existing projects.
United Cooperative Assurance said it would announce any developments in due course and the estimated value and financial impact of the incident would appear in fourth-quarter financial statements.
However, the firm added its coverage related to the client was more than 98 per cent covered by reinsurers.
Trade Arabia
09/03/2015
United Cooperative Assurance Company announces that the last day of the Second Subscription Period will be Tuesday 19/05/1436H corresponding to 10/03/2015G
Tadawul
22/02/2015
Saudi Stock Exchange (Tadawul) announces that United Cooperative Assurance Company Rights have been deposited into applicable investor's portfolios as of Wednesday 29/4/1436H (corresponding to 18/2/2
Tadawul
19/02/2015
United Cooperative Assurance Company announces the details in relation to the subscription period for the New Shares and trading of Rights, as follows:
First: Registered Shareholders and
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| BUPAARABIA | 173.40 | 1.40 (0.81 |
| TAWUNIYA | 137.20 | -0.40 (-0.30 |
| ALRAJHITAKAFUL | 136.80 | 0.40 (0.29 |
| QATI | 1.89 | 0.00 (0.00 |
| RASAN | 84.00 | 5.00 (6.32 |
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Dukhan Bank, Qatar's leading provider of Sharia-compliant financial solutions, has launched a new House Finance campaign offering customers exclusive benefits, including a competitive profit rate as
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Kuwait Times
Financial Information Co.
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