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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 | 178.10 | -1.90 (-1.06 |
| TAWUNIYA | 158.00 | 0.00 (0.00 |
| ALRAJHITAKAFUL | 128.60 | 2.30 (1.82 |
| RASAN | 86.90 | -2.40 (-2.69 |
| QATI | 2.00 | 0.07 (3.62 |
30/06/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has announced that it had achieved a major occupational safety milestone by clocking 37 million safe working hours without
Trade Arabia
30/06/2025
GWC has invested heavily in creating a seamless, integrated network that connects businesses across the GCC, noted Acting Group CEO Matthew Kearns.
GWC takes pride in being at the forefront
Gulf Times
30/06/2025
Doha Oasis and Ahlibank have joined hands in a strategic partnership that brings together two leading Qatari institutions in a collaboration designed to elevate the lifestyle experiences of Ahlibank
Gulf Times
30/06/2025
Media City Qatar and Commercial Bank have signed a service level agreement (SLA) to provide "streamlined banking support" for Media City Qatar's investors, and licensed companies.
This colla
Gulf Times
30/06/2025
Saudi Aramco has lowered its official selling prices for propane and butane for July 2025, reflecting changing global market dynamics.
In a statement released on Sunday, the oil giant set pr
Arab News
Financial Information Co.
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