The Saudi Investment Bank’s Extraordinary General Assembly approved on Saturday March 26, 2011 a 22.2 percent capital raise from SAR 4500 million to SAR 5500 million through the issuance of bonus shares as shown below.
|
Capital Rise Details |
|
|
SAR 4500 mln |
Current capital |
|
450 mln shares |
Number of shares |
|
22.2% (Tow shares for every nine shares) |
Capital raise percentage |
|
SAR 5500 mln |
New capital |
|
550 mln shares |
Number of Shares after raise |
|
March 26, 2011 |
Record date |
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