Riyadh-Mubasher: Saudi Printing and Packaging Co. (SPPC) said it reached a SAR 16.1 million insurance settlement with the UAE-based United Insurance Co. for fire at one of its warehouses in the UAE, according to a statement posted on Tadawul website on Tuesday.

 The relevant financial impact will reflect on SPPC’s third-quarter financial results.

The company earlier said fire broke out at the warehouses of Citi Pak, its UAE subsidiary.