AlJazira Bank board recommends 33.3% capital raise

03/04/2014 Argaam

AlJazira Bank’s board recommended 33.3% capital raise (from SAR 3000 m to SAR 4000m) in a meeting held Thursday April, 03, 2014.
 

The Capital raise is to take place by issuing one bonus share to each 3 shares owned by registered shareholders.


By this issuance the number of outstanding shares will increase from 300 mn shares to 400 mn.
 

Capital raise details

SAR 3000 mn

Current capital

300 mn shares

Number of shares

33.3% ( 1/3 shares)

Capital raise (%)

SAR 4000 mn

New capital

400 mn shares

# of Shares after raise

General Assembly day

Record date
 

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