United Cooperative Assurance gets Makkah crane crash claim

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

News

UCA ANNOUNCES THE LAST DAY OF THE SECOND SUBSCRIPTION PERIOD

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

DEPOSIT UNITED COOPERATIVE ASSURANCE COMPANY RIGHTS

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

UNITED COOPERATIVE ASSURANCE CO ANNOUNCES THE SUBSCRIPTION PERIOD

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

Most Viewed Companies

Ticker Price Volume

Valuation

UCA Sector Market
P/E
Price/BookValue

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
BUPAARABIA 181.00 0.00 (0.00%)
TAWUNIYA 127.60 -1.40 (-1.09%)
ALRAJHITAKAFUL 110.60 -2.40 (-2.13%)
RASAN 138.90 0.20 (0.14%)
QATI 2.32 -0.01 (-0.43%)

Recent News

Gulf Bank issues its 2025 Sustainability Report

10/04/2026

Gulf Bank has issued its sixth annual Sustainability Report for the year 2025, titled "Converting to a Sustainable Path," highlighting the Bank's ESG progress and performance. The report reflects the

Kuwait Times

Saudia to Partially Resume Flights To, From Dubai, Abu Dhabi, and Amman on Saturday

10/04/2026

Saudia announced on Thursday the partial resumption of its operations to and from Dubai, Abu Dhabi, and Amman starting Saturday, April 11.

In a post on its official account on the social med

Asharq Al Awsat

Zain Bahrain names Ammar Al Ketbi as new CEO

09/04/2026

Zain Bahrain, a leading provider of telecom services, innovative technologies and digital lifestyle experience in the kingdom, has appointed Ammar Al Ketbi as its new Chief Executive Officer.

Trade Arabia

Al Mal Capital appoints Sanjay Vig as Chief Executive Officer

09/04/2026

Al Mal Capital , a UAE based investment management and financial advisory firm, licensed by the Capital Markets Authority (CMA) has appointed Sanjay Vig as the Chief Executive Officer.

Vig

Trade Arabia

Abu Dhabi Maritime Academy inks deal with Congolese mining firm

09/04/2026

Abu Dhabi Maritime Academy (ADMA), the region's leading academic institution for maritime training, and an integral part of AD Ports Group, has signed a research, development, and operational deploym

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap