Al Battal Chemical Receives SAR 6.35M Fire Insurance Payment

ALBATTAL FACTORY

ALBATTAL FACTORY

9623.SA

0.00

On August 23, 2026, Al Battal Chemical Industries Company announced the latest developments regarding a fire that occurred at one of its factory facilities in Dammam on July 4, 2025. The company received an advance payment of SAR 6,349,296 from its insurance company on August 23, 2026, out of the SAR 8,000,000 advance approved by the insurer on June 15, 2026, toward total compensation entitlement of SAR 21,829,308. Following this payment, the net remaining amount due to the company stands at SAR 9,480,012, and the financial impact will be reflected in the cash flow statement during the second half of fiscal year 2026.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97747&anCat=1&cs=9623&locale=ar

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