The United Cooperative Assurance Company (UCA) announced the signing of an extension of insurance agreement with the Saudi BinLadin Group for extending an engineering insurance coverage. Date of Signing the Contract is March 30, 2024. The contract value exceeds 25% of the Insurance Revenues of the company as per latest audited financial statements for the year 2023.

Contractors all risks insurance coverage extension for the Custodian of the Two Holy Mosques' extension of Haram project in Makkah. Contract Duration is One year and nine months with effect from 01 April 2024. Financial Impact and the Relevant Period is expected to have a positive impact on the financial result of the company for the period ending 2024 and 2025.