CHUBB Arabia Cooperative Insurance Co News - Mubasher Info
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30 April 10:14 PM

CHUBB Arabia Cooperative Insurance Co (8240)

Last update: 03:19 PM market time.
33.05
14.05
73.95%
Open 34.00
Previous Close 19.00
High 34.00
Low 32.40
Stock Statistics
Volume 1,880,145
Turnover 62,209,838.45
All data are 15 minutes late during market session

News

Photo Archive
18 March 01:52 PM Chubb Arabia’s net profit jumps 98% YoY in 2023
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company recorded a 97.95% year-on-year (YoY) surge in net profit after Zakat attributable to shareholders to SAR 24.81 million in 2023 from SAR 12.53 million. The insurance revenues grew 10.05% …
Banking and Finance
Photo Archive
23 November 2023 09:11 PM Chubb Arabia renews SAR 52m insurance contract with Sipchem
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company recently received a renewal confirmation for a SAR 52.19 million insurance coverage contract from Sahara International Petrochemical Company (Sipchem). Under the one-year contract, …
Companies Investments
Photo Archive
7 November 2023 08:27 PM Chubb Arabia records 118% surge in 9M-23 net profit
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company recorded net profits before Zakat of SAR 22.15 million in the first nine months (9M) of 2023, signalling a surge of 117.71% from SAR 10.17 million in the same period of the previous …
Financial Results
Photo Archive
9 October 2023 09:40 AM Moody’s affirms Chubb Arabia 'A3' IFSR rating; outlook stable
Riyadh – Mubasher: Moody’s Investor Service has affirmed the 'A3' financial strength rating (IFSR) of Chubb Arabia Cooperative Insurance Company, with a stable outlook. The rating reflects the company's robust asset quality, backed by a …
Ratings
Chubb Arabia will provide insurance coverage for property damage
4 November 2021 00:24 PM Chubb Arabia renews SAR 53m insurance contract with SIPCHEM
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company has received a renewal confirmation for the SAR 52.8 million insurance coverages contract from Sahara International Petrochemical Company (SIPCHEM). Under the one-year contract, Chubb …
Companies Investments
Earnings per share declined to SAR 0.27 in H1-21
15 August 2021 04:59 PM Chubb Arabia registers SAR 7m profits in H1-21
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company announced a 56% plunge in net profits before Zakat to SAR 6.74 million in the first half (H1) of 2021 from SAR 15.4 million in H1-20. Earnings per share declined to SAR 0.27 in H1-21 …
Financial Results
Chubb Arabia will grant one bonus share for every two owned shares
15 July 2021 00:21 PM Chubb Arabia’s shareholders approve capital hike; fluctuation limit announced
Riyadh – Mubasher: The shareholders of Chubb Arabia Cooperative Insurance Company have agreed to increase the capital by 50% or SAR 100 million through bonus shares, according to a bourse filing on Thursday. The new capital will stand at SAR 300 …
Management Decisions
Photo Archive
22 June 2021 11:06 AM Chubb Arabia renews its license for three years
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company has obtained the approval of the Saudi Central Bank (SAMA) to renew its license. The license allows Chubb to practice general insurance activity from 28 July 2021 for a period of three …
Central Banks
Earnings per share (EPS) stood at SAR 0.08 in Q1-21
10 May 2021 11:09 AM Chubb Arabia achieves lower net profit in Q1
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company posted a 28% annual decline in net profits before Zakat to SAR 2.42 million during the first quarter (Q1) of 2021, compared with SAR 3.37 million. Earnings per share (EPS) stood at SAR …
Financial Results
Chubb Arabia's board recommendation will still be submitted for approval
11 April 2021 04:19 PM Chubb Arabia’s board proposes non-distribution of dividends
Riyadh – Mubasher: The board Chubb Arabia Cooperative Insurance Company recommended on 11 April not to pay cash dividends for 2020, according to a disclosure to Tadawul on Sunday. The proposal of halting dividend distribution aims at continuing …
Cash Dividends
Chubb Arabia aims to increase the capital to SAR 300 million
8 April 2021 00:47 PM SAMA nods to Chubb Arabia’s SAR 100m capital raise
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 …
Central Banks
The capital increase will be through the distribution of bonus shares
25 March 2021 04:37 PM Chubb Arabia approves 50% capital hike
Riyadh – Mubasher: The board of Chubb Arabia Cooperative Insurance Company approved increasing the company's capital by capitalizing part of the retained earnings and granting one bonus share for every two shares owned. The distribution of the 50% …
Board of Directors
21 March 2021 04:36 PM Chubb Arabia logs 15% higher profits in 2020
Riyadh – Mubasher: The net profits before Zakat of Chubb Arabia Cooperative Insurance Company increased by 15.27% to SAR 40.8 million in 2020 from SAR 35.398 million in 2019. Higher net profits are attributed to lower net incurred claims, a …
Financial Results
Net written premiums for the July-September period soared by 37% yearly.
3 November 2020 09:24 AM Chubb Arabia quarterly profit grows 47%
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company achieved SAR 14.6 million in net profit before Zakat over the third quarter (Q3) of the year, driven by a decrease in net claims incurred and reversal of allowance for doubtful debts. …
Financial Results
The deal is effective for one year starting from 31 October 2020.
2 November 2020 09:11 AM Chubb Arabia, Sipchem renew SAR 48.7m insurance deal
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company has renewed an insurance contract with Sahara International Petrochemical Company (Sipchem) as per the agreed-upon conditions. Under the deal, Chubb Arabia will provide Sipchem with …
Companies Investments
Photo Archive
28 October 2020 08:40 AM Chubb Arabia, AlAhli Takaful discontinue merger discussions
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company and AlAhli Takaful Company (ATC) announced they agreed to end and discontinue merger discussions. The announcement has no material impact of the financial statements of the two …
Mergers and Acquisitions
The new CEO holds an Executive Master’s Degree in business administration from HEC Paris.
21 October 2020 09:26 AM Chubb Arabia names new CEO
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company’s Board of Directors approved by circulation on 20 October the appointment of Kamran Mazhar as the company’s CEO. Mazhar held the position of chief operating officer (COO) at Chubb …
Board of Directors
The company saw higher general and administrative expenses in Q1
11 June 2020 00:34 PM Chubb Arabia sees 62% profit plunge in Q1
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company’s net profits before Zakat totalled SAR 4.01 million during the first quarter (Q1) of 2020 when compared to SAR 10.62 million, posting a 61.8% annual decrease, as shown by the interim …
Financial Results
Final decision is subject to official regulatory approvals
19 February 2020 00:46 PM Al Ahli Takaful, Chubb Arabia in initial talks over merger
Riyadh – Mubasher: The boards of Al Ahli Takaful Company and Chubb Arabia Cooperative Insurance Company have started initial talks over a possible merger. In case a merger agreement is reached, a non-binding memorandum of understanding (MoU) is …
Mergers and Acquisitions
The contract period is around four years
20 January 2020 10:28 AM InoChem awards Chubb Arabia SAR 14.8m insurance contract
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company on Monday announced a contract sign off with Khair Inorganic Chemical Industries Company (InoChem). Chubb was awarded the contract on 19 January, under which it will provide various …
Companies Investments
The new deal is valid for one year
31 October 2019 05:27 PM Chubb Arabia, Sipchem ink insurance contract
Riyadh – Mubasher: CHUBB Arabia Cooperative Insurance Company has signed an insurance contract with Sahara International Petrochemical Company (Sipchem) in order to provide coverage for property damage and business interruption risks. The …
Company News
Jaafari replaces Abdulaziz bin Abdulkarim Alkhariji
4 September 2019 04:13 PM CHUBB Arabia names new acting CEO
Riyadh – Mubasher: The board of directors of CHUBB Arabia Cooperative Insurance Company has appointed Kamran Mazhar Jaafari as the company’s new acting CEO. Jaafari replaces Abdulaziz bin Abdulkarim Alkhariji, who resigned for personal reasons on …
Company News
Net profits retreated by 62.7% to SAR 3.82 million in Q2-19
8 August 2019 10:39 AM Chubb Arabia generates SAR 13m profits in H1
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company announced its initial financial statements for the second quarter of 2019. Net profits retreated by 62.7% to SAR 3.82 million in Q2-19, compared to SAR 10.2 million in Q2-18, according …
Company News
The rating reflects the company’s strong capitalisation
10 July 2019 11:10 AM Moody’s affirms CHUBB’s rating at ‘A3’; outlook ‘Stable’
Riyadh – Mubasher: Moody’s Investor Service has confirmed CHUBB Arabia’s Insurance Financial Strength Rating (IFSR) at “A3” with a stable outlook. The rating reflects the good stand-alone fundamentals of CHUBB Arabia’s operations reflecting the …
Ratings
Walaa Cooperative Insurance logged a net profit of SAR 100.37m in 2018
31 March 2019 04:04 PM 16 Saudi insurance firms log SAR 213m loss in 2018
By: Thabet Shehata Riyadh – Mubasher: A total of 16 insurance firms listed on the Saudi Stock Exchange (Tadawul) reported a combined net loss of SAR 213 million in 2018. The Company for Cooperative Insurance (Tawuniya) posted the highest net …
Financial Results