Riyadh – Mubasher: Saudi Industrial Export Company (SIEC) on Sunday announced receiving an initial judgment from a Jeddah court, stipulating that it would redeem insurance fees at a value of SAR 14.05 million from Afia International Co.

The judgement, which was released on Wednesday, is related to an agreement between SIEC and Shahd Al Sahraa to distribute Afia International Co.’s products in South Jeddah and East Riyadh, according to SIEC’s statement to the Saudi Stock Exchange (Tadawul).

On Thursday, SIEC’s stock inched up 0.83%, closing at SAR 15.77.