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Albattal Factory Secures SAR6 Million as Part of Insurance Claim

MT Newswires·08/24/2026 00:01:12
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12:01 AM EDT, 08/24/2026 (MT Newswires) -- Albattal Factory for Chemical Industries (SASE:9623) received 6.3 million Saudi riyals as partial compensation from the insurance company for a fire at its factory in Dammam, Saudi Arabia, on July 4, 2025. The advance payment was made to the Tadawul-listed chemical manufacturer out of the 8 million riyals that the insurance company approved on June 15, according to a Sunday release. Following the advance payment, Albattal is due to receive 9.5 million riyals from the remaining entitlement of 15.8 million riyals.