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- Kuwait's $11.25bn bond issuance elicits solid global investor interest
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- PureHealth acquires 60pc stake in Greek healthcare group for $939m
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 | 166.00 | 3.70 (2.27 |
| TAWUNIYA | 138.50 | 0.50 (0.36 |
| ALRAJHITAKAFUL | 122.00 | -0.10 (-0.09 |
| RASAN | 103.70 | 3.50 (3.49 |
| QATI | 2.09 | 0.01 (0.48 |
08/10/2025
e& UAE, the flagship telecom arm of e& in the UAE, and Honeywell, a global leader in industrial automation, today (October 7) announced the signing of a Performance Partner Program Agreement to deplo
Trade Arabia
08/10/2025
Zain Kuwait announced the renewal of its compliance with the Payment Card Industry Data Security Standard (PCI DSS Level 1, version 4.0.1) following a comprehensive independent audit by an approved Q
Kuwait Times
08/10/2025
Oman International Development and Investment Company (Ominvest) said it has successfully hosted the ESG Connect event in collaboration with Sustainable Square in Muscat.
The event brought
Trade Arabia
08/10/2025
PureHealth Holding, a leading healthcare group in the Middle East, today (October 7) announced the successful completion of the acquisition of its 60% stake in Hellenic Healthcare Group (HHG), Greece
Trade Arabia
08/10/2025
QNB Group announced the license approval has been received for a digital-first banking entity, ezbank, from the Central Bank of Egypt.
This milestone reflects the Group's commitment to suppo
QNA
Financial Information Co.
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