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United Insurance stocks suspended pending liquidation
The Saudi Financial Market Authority (Tadawul) has suspended trading of United Cooperative Insurance Company's shares starting today, Sunday, due to the registration of a petition to initiate liquidation procedures against it. The suspension will continue until a decision is made by the Authority’s Board regarding resuming trading, following the court's consideration of the commercial court's decision to accept or reject the liquidation request. This action comes after the company announced on September 10, 2026, that one of its creditors had filed a petition to initiate liquidation. Subsequently, last Thursday, the company announced that a creditor had submitted a request to the competent court in Riyadh to start the liquidation process.
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