On July 26, 2026, CHUBB Arabia Cooperative Insurance Co. released an addendum announcement on the Saudi Exchange regarding a claim belonging to Al-Rashed Group, following its previous disclosure on August 4, 2025. The company has reached a settlement agreement with Al-Rashed Group for a fire accident that occurred on July 12, 2025, at a factory in the Third Industrial City in Dammam, for a total net amount of SAR 42,008,241. The loss is fully covered under the company's reinsurance arrangements, and as the related reserve was already recorded in the 2025 fiscal year, the settlement will have no financial impact on the current fiscal year.

Original announcement:

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