Logo of Banque Saudi Fransi (BSF)
Banque Saudi Fransi’s (BSF) board of directors recommended today, May 30, a 107.4% capital top-up from SAR 12.05 billion to SAR 25 billion, through distributing one bonus share for every existing share, as follows:
|
Capital Increase Details |
|
|
Current Capital |
SAR 12.05 bln |
|
Number of Shares |
1.2 bln |
|
Percentage of Increase |
107.41% |
|
New Capital |
SAR 25 bln |
|
New Number of Shares |
2.5 bln |
|
Method |
1-for-1 bonus share distribution |
|
Capitalization |
Capitalizing SAR 12.95 bln from retained earnings and statutory reserve |
|
Record Date |
Shareholders of record and those registered with Edaa on the second trading day following the extraordinary general meeting (EGM), the date for which will be determined later |
|
Reason |
To enhance the bank's financial position and contribute to achieving its strategic objectives |
Fractional shares, if any, will be compiled in one portfolio for all shareholders and will be offered at the market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum.
The decision, which was granted the Saudi Central Bank’s (SAMA) no-objection, is conditional to approvals from competent authorities and EGM.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}