Chubb Arabia approves FY18 dividend freeze

30/06/2019 Argaam

 

Chubb Arabia Cooperative Insurance Co.'s (Chubb Arabia) shareholders approved on Thursday the board's recommendation on withholding dividend for FY2018, the company said in a bourse statement.

 

In March, the company's board of directors proposed a dividend freeze to boost growth and bolster the company's financial solvency, the statement added.

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