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The United Cooperative Assurance Company (UCA) announces that it has received a notice of fire incident in Factory owned by United Ink Production Co. Ltd. located at the Industrial area in Jeddah.
| Element List | Explanation |
|---|---|
| Announcement Detail | United Cooperative Assurance Company (UCA) announces that it has received a notice of fire incident in Factory owned by United Ink Production Co. Ltd. located at the Industrial area in Jeddah City which occurred on Thursday on 23 Shawwal 1445H Corresponding to 2 May 2024 G. The company has immediately appointed a loss adjustor licensed by the Insurance Authority to assess the damage resulting from the fire. The Company would like to clarify the damaged property, insured by the United Cooperative Assurance (UCA), has been reinsured with local and international reinsurance companies, and it is expected that the financial impact on the company from the claim will be limited, and the extent of the damage will become clear after finalization of the relative inspections and investigations. The company will immediately announce any material developments upon occurrence. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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