The CMA approves 33% Capital raise of SAMBA

12/02/2014 Argaam

 A 33.3% capital raise of SAMBA financial group (from SAR 9bn to SAR 12bn) was approved by the Capital Market Authority CMA.
 

The Capital raise is to take place by issuing one bonus share to each three shares owned by registered shareholders as SAR 3bn of retained earnings will be capitalized.


By this issuance the number of outstanding shares will be increased from 900,000,000 shares to 1,200,000,000 shares.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.