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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 | 167.60 | 0.60 (0.35 |
| TAWUNIYA | 136.60 | -1.00 (-0.73 |
| ALRAJHITAKAFUL | 134.40 | 2.40 (1.81 |
| RASAN | 83.80 | 0.00 (0.00 |
| QATI | 1.89 | 0.02 (1.06 |
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia