SAIB to begin e-voting on EGM agenda on Jan. 28

27/01/2022 Argaam

The Saudi Investment Bank (SAIB) announced that the electronic voting (e-voting) on the agenda items of the extraordinary general meeting (EGM) slated for Feb. 1, will start as of Jan. 28, at 10:00 am, according to a bourse filing.

 

Shareholders will discuss the board's recommendation to increase capital by 33% to SAR 10 billion from SAR 7.5 billion through one-for-three bonus share distribution, Argaam reported.

 

In addition, they will vote on the board's recommendation on paying a cash dividend at 7% of capital, or SAR 0.7 per share, for 2021.

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