United Cooperative Assurance Appeals Court's Liquidation Order

10:41 AM EDT, 10/22/2026 (MT Newswires) -- United Cooperative Assurance (SASE:8190) on Oct. 13 filed an objection to a court judgment ordering the start of liquidation proceedings for the company, according to a Thursday filing. The judgment, issued Sept. 30 by the Commercial Court of Riyadh's ninth commercial circuit following a request by a creditor, requires the Saudi Arabia-based insurance company to hand its assets over to an appointed trustee. The company said it will continue taking necessary regulatory and legal measures to protect its own interests and those of its shareholders and stakeholders.