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United Cooperative Assurance Co. Announces Contract Sign Off with Saudi BinLadin Group to provide insurance services.
8190
UCA
-0.34
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1447/07/10 30/12/2025 15:34:08
| Element List | Explanation |
|---|---|
| Introduction | The United Cooperative Assurance Company (UCA) announces the signing of an extension of insurance agreement with the Saudi BinLadin Group for extending an engineering insurance coverage. |
| Date of Announcement of the Award | 2025-12-30 Corresponding to 1447-07-10 |
| Contract Subject Matter | Engineering Insurance Coverage. |
| The Entity with Which the Contract was Signed | Saudi BinLadin Group |
| Date of Signing the Contract | 2025-12-30 Corresponding to 1447-07-10 |
| Contract Value | The contract value exceeds 20% of the gross written premiums of the company as per latest audited financial statements for the year 2024. |
| Contract Details | Contractors all risks insurance coverage extension for the Custodian of the Two Holy Mosques' extension of Haram project in Makkah |
| Contract Duration | For a full year, effective from 01 January 2026 |
| Financial Impact and the Relevant Period | Expected to have a positive impact on the financial results of the company for the period ending 2026. |
| Related Parties | There is no related party. |
| Additional Information | The United Cooperative Assurance Company (UCA) confirms that the contract is in the ordinary course of business and did not confer any preferential benefits. |
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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Last Price 2.94
Net Change -0.01 (-0.34%)
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