Chubb Arabia to vote on 5% cash dividend for FY2019

Chubb Arabia Cooperative Insurance Co.'s (Chubb Arabia) shareholders are set to vote on a 5% cash dividend, at SAR 0.5 per share, for the fiscal year 2019, during the extraordinary general assembly meeting that will be held on May 13, 2020, the company said in a bourse statement.

Shareholders will also vote on amending bylaws related to the company’s objectives, capital and stocks as well as board powers and financial statements.

Meanwhile, they will vote on other items on the meeting’s agenda including related party transaction and appointing external auditor.