Addendum Announcement from CHUBB Arabia Cooperative Insurance Co. in regarding the Board of Directors ’recommendation to increase the company's capital by granting shares
2021-04-08 09:17:12
| Element List | Explanation |
|---|---|
| Introduction | Further to the company's announcement published on the Tadawul website on 8-12-1442 corresponding to 03-25-2021 AD, regarding the Board of Directors’s recommendation to increase the company's capital by granting Bonus shares , we would like to inform you that the company received on 08-25-1442 AH corresponding to 04-06 -2021 AD, the letter of the Saudi Central Bank, which includes the approval of the company's capital increase from 200 million riyals to 300 million riyals, with a capitalization of 100 million riyals from the account of the balance of retained earnings. The company will continue to fulfill all the requirements of other official authorities. |
| Date of Posting the Previous Announcement of Development on Tadawul's Website | 2021-03-25 Corresponding to 1442-08-12 |
| URL of the Previous Announcement | Click Here |
| Change on the Development | Obtaining the approval of the Saudi Central Bank to increase the company’s capital by bonus shares. |
| Financial Impact on the change | NA |