CHUBB Arabia Cooperative Insurance Co News - Mubasher Info
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30 December 09:13 AM

CHUBB Arabia Cooperative Insurance Co (8240)

Last update: 29 December 03:18 PM market time.
19.67
0.87
4.63%
Open 18.78
Previous Close 18.80
High 19.97
Low 18.45
Stock Statistics
Volume 524,625
Turnover 10,219,841.50
All data are 15 minutes late during market session

News

Photo Archive
30 October 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
Photo Archive
10 September 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 …
Management Decisions
Photo Archive
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 …
Board of Directors
Photo Archive
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, …
Board of Directors
Photo Archive
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 …
Management Decisions
Photo Archive
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% …
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 …
Banking and Finance
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 …
General Assembly
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 …
Board of Directors
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 …
Corporate Actions
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% …
Cash Dividends
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 …
Management Decisions
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 …
Companies Investments
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