Al Battal receives SAR 6.35M on-account insurance claim for fire damage

Logo of Al Battal Factory for Chemical Industries Co.

Al Battal Factory for Chemical Industries Co. received today, Aug. 23, an on-account insurance payment of SAR 6.35 million.

In a Tadawul statement, it said the payment is part of the SAR 8 million approved settlement from the SAR 15.83 million outstanding for damages caused by a fire at one of its factory facilities on July 4, 2025, leaving a net outstanding amount of SAR 9.48 million.

The company said the financial impact will be reflected in the cash flow statement in H2 2026.

The company reaffirmed its commitment to the highest standards of risk management and safety, while continuing efforts to strengthen operational sustainability and protect shareholders’ interests, and will announce further developments in due course.

According to Argaam data, Al Battal reported in July 2025 that a limited fire broke out at one of its facilities in Dammam, affecting the packing area, administration building and finished-goods warehouse, which were subject to assessment.

In January 2026, the company received a loss adjuster’s letter on its insurance claim for the fire-related damages, with the approved assessment setting the net entitlement at SAR 21.83 million; after a SAR 6 million advance payment, SAR 15.83 million remained outstanding.

In June 2026, the company received a letter from the insurer approving an interim payment of SAR 8 million from the compensation due for the fire-related damages.