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Halwani Brothers says fire damages Medina branch

Halwani Brothers says fire damages Medina branch
HB
6001
-1.25% 43.45 -0.55
Halwani Brothers said fire broke out in its Medina distribution center on November 25, 2014; however, there were no reported casualties.
The company added that the General Directorate of Civil Defense are investigating into the accident.
The company does not anticipate a negative sales impact from the fire as it will compensate for it through other distribution centers in Jeddah and Yanbu.
Losses are estimated at SAR 2.2 million but the facility is fully insured.