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Salama Cooperative Insurance Expects Limited Impact from Saudi Facility Fire Claim

MT Newswires·07/30/2026 11:27:04
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11:27 AM EDT, 07/30/2026 (MT Newswires) -- Salama Cooperative Insurance Co. (SASE:8050) said Thursday the financial impact of a claim related to a fire at an Alhamrani-Fuchs Petroleum Saudi Arabia facility in Yanbu, Saudi Arabia, is expected to be limited. The insurer appointed a loss adjuster to inspect the site and evaluate the damage caused by the fire, which occurred on July 25. It said the insurance policy covering the premises is reinsured with local and international reinsurers, adding that the final impact will be determined after the assessment.