Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company received the Saudi Central Bank’s (SAMA) approval to increase the capital by SAR 100 million from the retained earnings balance, according to a disclosure to Tadawul on Thursday.
The company aims to increase the capital to SAR 300 million from SAR 200 million.
Chubb Arabia said last month it would raise the capital by offering one bonus share for every two original shares.
