Tadawul: SAIB goes ex-bonus today

30/04/2024 Argaam

Tadawul: SAIB goes ex-bonus today

Logo of Saudi Investment Bank (SAIB)

Shares of the Saudi Investment Bank (SAIB) have their ex-bonus today, April 30, if the general meeting takes place today.

 

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SAIB board of directors recommended increasing the capital from SAR 10 billion to SAR 12.5 billion by distributing one bonus share for every four shares held, by capitalizing SAR 2.5 billion from the statutory reserve.

 

This hike aims to strengthen the bank’s capital base, to boost growth rates and expand its business in the coming years.

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