Edaa implements corporate action on Chubb Arabia

Logo of Chubb Arabia

The Securities Depository Center Co. (Edaa) announced implementing securities quantity increase for Chubb Arabia Cooperative Insurance Co. into the accounts of eligible securities’ holders today, July 26, according to a statement.

Earlier this month, shareholders of Chubb Arabia approved a capital increase from SAR 200 million to SAR 300 million through the issue of one bonus share for every two shares held, Argaam reported.