The Board of Directors of Chubb Arabia Cooperative Insurance Company recommended distributing 5% cash dividends for the last year (2019).

The company said in a statement to the Saudi market (Tadawul), that the dividends are at 0.5 riyals per share, with a total value of 10 million riyals.

She explained in the statement that the number of shares due to profits for the past year is 20 million shares.

She stated that the dividend eligibility for shareholders who own shares on the day of the public approval registered in the company’s shareholders ’register at the Securities Depository Center at the end of the second trading day following the date of approval of the public.

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She pointed out that the date of dividend distribution will be determined later after obtaining the approval of the General Assembly and the relevant authorities.

The company’s profits increased 28.5% in the last year to reach 35.4 million riyals, compared to 49.5 million riyals in 2018.