Saudi Printing to receive SAR 6 mln from insurance claim

11/03/2016 Argaam

Saudi Printing and Packaging Co. (SPPC) and The Mediterranean and Gulf Insurance and Reinsurance Co. (MedGulf) have agreed on a final and full settlement for a SAR 5.7 million as part of an insurance claim related to a fire which had occured at one of SPPC's subsidiaries.

 

The compensation amount was determined after the insurer assessed damages, SPPC said in a statement to Tadawul.

 

The related financial impact will be reflected as "other income" on SPPC's Q1-2016 results, it added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.