Logo of CHUBB Arabia Cooperative Insurance Co.
The Securities Depository Center Co. (Edaa) implemented the capital increase for CHUBB Arabia Cooperative Insurance Co. today, Oct. 20, crediting the additional shares to eligible shareholders’ accounts.
According to Argaam data, shareholders of CHUBB Arabia approved the board’s recommendation to increase the company’s capital by 33.33%, from SAR 300 million to SAR 400 million through a bonus issuance.
The capital top up aims to strengthen its capital base and support the company’s future activities.
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