Chubb Arabia Cooperative Insurance Company announces the claim from Al Rashid Group | premargin

Chubb Arabia Cooperative Insurance Company announces the claim from Al Rashid Group

TadawulAugust 4, 2025View on exchange

Element List	Explanation
Announcement Detail	CHUBB Arabia announces that it received the First Report dated 3rd August 2025, from its appointed loss adjuster on claim pertaining to a fire incident that happened at one of Al Rashid group factory located in 3rd Industrial City , in Dammam on 12/07/2025. The cause of the claim is under investigation and will determine the extent of the liability of the company and at this stage the loss adjuster has recommended an precautionary loss reserve amount that may have an impact on the current financial year results. The company confirms that it has in place adequate reinsurance to protect the exposure and will announce any further developments related to this case in due course.

Element List

Explanation

Announcement Detail

CHUBB Arabia announces that it received the First Report dated 3rd August 2025, from its appointed loss adjuster on claim pertaining to a fire incident that happened at one of Al Rashid group factory located in 3rd Industrial City , in Dammam on 12/07/2025. The cause of the claim is under investigation and will determine the extent of the liability of the company and at this stage the loss adjuster has recommended an precautionary loss reserve amount that may have an impact on the current financial year results.

The company confirms that it has in place adequate reinsurance to protect the exposure and will announce any further developments related to this case in due course.