Alinma Tokio says losses at Al Murooj International assessed at SAR 78 mln

Alinma Tokio Marine Co. said it received on Tuesday the actuarial report putting preliminary losses from the fire at Jeddah-based Al Murooj International Co. at SAR 78 million.

The losses arising from the fire are reinsured, and the insurance firm only retains 0.51 percent of these losses.

Alinma Tokio had earlier announced that a fire broke out on Sep. 5 at Al Murooj International Co.’s warehouses, which are fully insured by the company.

Financial impact from the incident will reflect on Q3 2017 results.