Logo design ofZamil Industrial Investment Co.
Zamil Industrial Investment Co. revealed today, Dec. 27 that it concluded a complete and last settlement for an insurance coverage claim associated to a fire that broke out in among the factories of its subsidiary, situated in Dammam First Industrial City.
The settlement, amounting to SAR 187 million, was accomplished in partnership with Gulf Insurance Group (GIG) and incorporated all damages developing from the abovementioned fire.
In a declaration to TadawulZamil stated the settlement will have a favorable monetary effect in the 4th quarter of 2023.
The quick conclusion of the settlement is notable, specifically thinking about the significant size of the factory and the substantial damage sustained.
The business extended its thankfulness to numerous celebrations, consisting of federal government entities such as civil defense, Saudi Authority for Industrial Cities and Technology Zones (MODON), and others who used assistance to the business throughout this tough duration.
Zamil likewise acknowledged and valued the efforts of all people associated with insurer, along with the devotion of its own workers who worked vigilantly throughout the extraordinary timeframe to effectively conclude the case.
In March, Zamil reported that a fire broke out in among the factories of its subsidiary, Zamil Air Conditioners and Home Appliances Co., according to information offered on Argaam