CHUBB Arabia Cooperative Insurance Company SJSC

11/08/2021 | Press release | Distributed by Public on 11/08/2021 05:02

CHUBB Arabia Cooperative Insurance Co. Announces the Deposit of Sums Resulting from Selling Fractional Stocks Following Increase of the Company’s Capital in the Accounts of[...]

CHUBB Arabia Cooperative Insurance Co. Announces the Deposit of Sums Resulting from Selling Fractional Stocks Following Increase of the Company's Capital in the Accounts of Eligible Shareholders

Share this: Facebook TwitterLinkedIn

Element List Explanation
Action Type Increase
Introduction CHUBB Arabia announces the completion of the process of selling fractional shares resulting from the increase in the company's capital and depositing proceeds in the bank accounts of eligible shareholders based on the extraordinary General Assembly approval which was held on 14 July 2021 according to the following:
Fractional Shares Selling End Date 2021-07-28 Corresponding to 1442-12-18
Number of Sold Shares 313
Fractional Shares Sales Revenue 10,436.07
Average Selling Price per share 33.40
Date of Depositing Fractional Shares Sales Revenue in the Bank Accounts of Eligible Investors 2021-11-07 Corresponding to 1443-04-02
Name of /Method of Contacting the Entity in Charge of Distributing the Fractional Shares Sales Revenue The Saudi British bank will deposit the proceeds from the sale of fractional shares to the shareholders bank accounts linked to the investment portfolios,

For inquiries or further information in that regard, please contact the Company during business hours at:

Phone No. 00966138047662 or by E-mail to: [email protected]

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.