Logo of Bank AlJazira
Shareholders of Bank AlJazira will vote on the board’s proposal for the distribution of one bonus share for every four shares held to raise capital by 25% during the extraordinary general meeting (EGM) scheduled for April 24.
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Capital Increase Details |
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Current Capital |
SAR 8.2 bln |
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Current Number of Shares |
820 mln |
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Capital Increase (%) |
25% |
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New Capital |
SAR 10.25 bln |
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New Number of Shares |
1.02 bln |
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Method |
Distributing one bonus share for every four shares held |
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Nature & Value of Reserve |
Capitalizing SAR 2.05 bln from statutory reserve |
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Eligibility |
Shareholders of record on the EGM date, and those registered with Edaa on the second trading day following the record date |
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Reason |
Supporting the bank's capital base, thus enabling it to achieve its strategic goals |
Other agenda items include authorizing the board of directors to pay semi-annual or quarterly dividend for 2024, the bank said in a statement to Tadawul.
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