The Saudi Arabia Capital Markets Authority has approved CHUBB Arabia Cooperative Insurance Company’s request to increase its capital from SAR 300 million to SAR 400 million by issuing bonus shares. The capital increase will be implemented by issuing one bonus share for every three existing shares held by shareholders registered in the shareholders registry at the Securities Depository Center as of the close of the second trading day after a due date to be set by the company’s board. Funding will come from transferring SAR 52 million from retained earnings and SAR 48 million from the statutory reserve to share capital, increasing outstanding shares from 30 million to 40 million. An extraordinary general assembly must be held within six months of the approval, and the company is required to meet all applicable regulatory requirements and laws.
Saudi Arabia Capital Markets Authority 2025-09-08
Saudi Arabia Capital Markets Authority approves CHUBB Arabia Cooperative Insurance Company capital increase to SAR 400 million via bonus shares
The Saudi Arabia Capital Markets Authority approved CHUBB Arabia Cooperative Insurance's capital increase from SAR 300 million to SAR 400 million via bonus shares. The increase will be funded by transferring SAR 52 million from retained earnings and SAR 48 million from the statutory reserve, raising shares from 30 million to 40 million. An extraordinary general assembly must be held within six months, and the company must comply with all regulatory requirements.