09:57 AM EDT, 09/10/2026 (MT Newswires) -- Insurance company United Cooperative Assurance Co (SASE:8190) said Thursday its board decided to apply to initiate financial reorganization proceedings, following a request from a creditor. The creditor filed the request with the Commercial Court in Riyadh, Saudi Arabia, and the matter remains subject to the court's ruling in accordance with applicable regulations.

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