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.
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Capital raise details |
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SAR 3000 mn |
Current capital |
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300 mn shares |
Number of shares |
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33.3% ( 1/3 shares) |
Capital raise (%) |
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SAR 4000 mn |
New capital |
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400 mn shares |
# of Shares after raise |
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General Assembly day |
Record date |
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