Al-Batal Receives SAR 8M Additional Insurance Payment

ALBATTAL FACTORY

9623.SA

0.00

On June 15, 2026, Al-Batal Chemical Industries Factory Company announced it received approval from its insurance company for an additional advance payment of 8,000,000 Saudi Riyals related to fire damage compensation. This follows a fire incident at the company's Dammam facility on July 4, 2025, for which the total assessed compensation is 21,829,308 Saudi Riyals. The company has now received total advance payments of 14,000,000 Saudi Riyals, leaving a remaining balance of 7,829,308 Saudi Riyals pending final settlement.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96099&anCat=1&cs=9623&locale=ar

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