GGI settles SAR 37.5 million fire compensation claim

27/04/2014 Argaam

Gulf General Cooperative Insurance Company (GGI) said on Thursday it paid SAR 37.5 million in settlement of Al-Essaye Plaza’s fire accident claim.

GGI incurred 3.25 percent of the claim’s value and rest was covered by reinsurance policy, the company said in a filing to Tadawul.

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