Al Bilad: 33% Capital raise

10/04/2014 Tadawul

A 33% capital raise of Bank Al Bilad (from SR 3bn to SR 4bn) was approved in the Extraordinary general assembly meeting that was held on 9 April, 2013.

 

The Capital increase is to take place by issuing one bonus share to each three shares owned by registered shareholders as SAR 1bn of retained earnings will be capitalized.

 

By this issuance the number of outstanding shares will be increased from 300,000,000 shares to 400,000,000.

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