Riyadh-Mubasher: Halwani Bros. has received a full settlement of SAR 2.3 million in insurance claim related to the losses incurred from work suspension after a steam boiler accident, the company said in a filing to Tadawul.
The financial impact will be reflected in Q1-16 financials.
On 15 December, the company received SAR 2.2 million as part of the insurance claim.
The Tadawul-listed foodstuff producer earlier said one of its steam boilers at its old Jeddah plant malfunctioned due to a defect in the safety valve.
