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United Insurance clarifies after court approves liquidation
United Cooperative Insurance Company announced that the Commercial Court in Riyadh has accepted a creditor’s request to initiate liquidation proceedings. This legal step does not automatically mean the company's closure but marks the beginning of examining the liquidation request in accordance with insolvency laws and relevant judicial procedures. The company continues to protect its interests and has filed objections to the request. Meanwhile, the company is still operating normally until a final decision is issued by the court regarding the liquidation or any other matter.
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