7 Hrs
Source:
الاقتصادية
United Insurance liquidation begins after restructuring rejection
The Commercial Court in Riyadh has ordered the liquidation of United Cooperative Assurance Company, rejecting its request for financial reorganization. This decision has resulted in lifting the lien on the company's assets and handing them over to the liquidation officer. The company will review the ruling and understand its reasons, preparing to appeal before the Court of Appeal. Any updates will be announced later. The financial impact cannot be precisely determined at this time, but the company will disclose details once the information is available, reaffirming its continued efforts to take legal measures to protect its interests and those of its stakeholders.
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