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CHUBB Arabia to freeze dividends for 2016

CHUBB Arabia to freeze dividends for 2016
(Photo Credit: Arabianeye-Reuters)
CHUBB
8240
1.93% 19.00 0.36

Riyadh – Mubasher: The extraordinary general meeting (EGM) of CHUBB Arabia Cooperative Insurance approved on 17 May the board’s recommendation to not distribute dividends for 2016.

The meeting also agreed on the board's and auditors’ reports for 2016, according to a bourse filing on Thursday.

The Saudi-listed company recorded profits of SAR 37.3 million in the twelve months of 2016 compared to SAR 13.94 million in the year-ago period, recording a 167.66% hike.