CHUBB Arabia Cooperative Insurance Co (8240)

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News

5 August 02:05 PM CHUBB Arabia posts higher insurance revenues at SAR 199.5m in H1-26

Riyadh - Mubasher: CHUBB Arabia Cooperative Insurance Company recorded 9.98% year-on-year (YoY) lower net profits after tax and Zakat at SAR 911,000 in the second quarter (Q2) of 2026, compared to  SAR 1.01 million. The decline in profitability …

Company News

27 July 10:39 AM CHUBB Arabia settles SAR 42m fire insurance claim for Al Rashed Group

Riyadh - Mubasher: CHUBB Arabia Cooperative Insurance Company has reached a final settlement agreement with Al Rashed Group for a net total amount of SAR 42.01 million. The settlement relates to an insurance claim following a fire incident at a …

Law

26 July 04:11 PM Chubb Arabia inks insurance deal with Larsen & Toubro Arabia

Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company has signed a contract with Larsen & Toubro Arabia to provide engineering insurance risk coverage. The agreement, which was officially signed and awarded on 23 July 2026, represents a …

Banking and Finance

18 June 08:37 PM Chubb Arabia ratifies several agreements, financial performance

Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company recently held its general assembly where shareholders approved the financial statements for the 2025 fiscal year. The ordinary general meeting (OGM) also ratified numerous related party …

Cash Dividends

12 March 12:19 PM CHUBB Arabia’s profits fall nearly 35% in 2025

Riyadh - Mubasher: CHUBB Arabia Cooperative Insurance Company logged SAR 10.61 million in net profit after Zakat attributable to shareholders during 2025. The gains marked a 34.84% year-on-year (YoY) drop from SAR 16.29 million, according to the …

Banking and Finance

4 March 01:36 AM TASI witnesses over SAR 87bn in total trading value in February – Aljazira Capital

Riyadh – Mubasher: According to the monthly report by Aljazira Capital for February 2026, the Main Market index (TASI) of the Saudi Exchange (Tadawul) ended the month at 10,709 points, which represented a decrease of 5.91% compared to January’s …

Trading Activities

30 October 2025 11:51 AM CHUBB Arabia registers 116% higher net profits in Q3-25

Riyadh - Mubasher: CHUBB Arabia Cooperative Insurance Company posted an annual drop of 30.34% in net profit after Zakat attributable to shareholders to SAR 7.68 million during the first nine months (9M) of 2025, compared to SAR 11.02 million. …

Financial Results

10 September 2025 10:29 AM CMA greenlights CHUBB Arabia, Saudi Re’s capital raise

Riyadh - Mubasher: The Capital Market Authority (CMA) has approved capital hikes for two Saudi insurers, according to two separate bourse disclosures. CHUBB Arabia Cooperative Insurance Company will raise its capital to SAR 400 million from SAR …

Corporate Actions

24 September 2024 09:34 AM SAIC, Chubb Arabia appoint new CEO

Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) named Khalid bin Saeed Abu Khadra as the new CEO following Abdullah bin Sulaiman Al Juraish’s resignation from his position as the Acting CEO. The board members approved the appointment …

Banking and Finance

15 September 2024 02:56 PM Chubb Arabia’s CEO resigns

Riyadh – Mubasher: The board of Chubb Arabia Cooperative Insurance Company accepted the resignation of Talal Omar Bahafi, the company’s CEO. Bahafi resigned on 12 September 2024 due to personal reasons, yet it will be effective on 30 September, …

Corporate Actions

1 September 2024 06:24 PM Chubb Arabia announces key board appointments

Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company unveiled the appointment of Serge Michel Osouf as the Chairman of the board for the new three-year term. The company also announced Steve Brian Dixon as the Vice Chairman and Abdulaziz …

General Assembly

18 March 2024 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% …

Financial Results

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

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 …

Banking and Finance

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

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

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

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 …

Corporate Actions

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 …

Markets Regulations

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

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 …

Board of Directors

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

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

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