Jakel estimates fire to cost company RM100 million | The Malaysian Insight

Managing director Mohamed Faroz Mohamed Jakel says the company will look for another location in Shah Alam and will hopefully be running again before Ramadan. – Facebook pic, January 1, 2023.

Managing director Mohamed Faroz Mohamed Jakel said the valuation was only for the building , with the final bill expected to be much higher. “This is a big loss for the company but we accept it as our fate,” he said adding that the annual sales turnover from this branch was about RM300 million. Meanwhile, Shah Alam police chief Mohd Iqbal Ibrahim said a short circuit was believed to be the cause of the fire and no casualties were reported.

Insurance claims also Millions so what the fuss for them😂

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