Bank AlJazira shareholders nod 25% capital hike via bonus issue

Bank AlJazira headquarter

Shareholders of Bank AlJazira approved the board's proposal to raise capital by 25% during an extraordinary general meeting (EGM) held on April 28.

 

The increase will be made through distributing one bonus share for every four shares held, capitalizing SAR 2.56 billion, according to a statement to Tadawul.

 

Capital Increase Details

Current Capital

SAR 10.25 bln

Number of Shares

1.02 bln

Capital Increase (%)​

25%

New Capital

SAR 12.8 bln

Number of Shares​

1.28 bln

Method

1-for-4 bonus issue

Capitalization

Capitalizing SAR 2.56 bln equally from statutory reserve and retained earnings.

Record Date

April 28, 2025 - Shareholders of record and those registered with Edaa by the close of the second trading day following the EGM.

Reason

To enhance the bank's capital base to achieve its strategic goals.
 

Fractional shares, if any, will be compiled in one portfolio for shareholders and will be sold at market price. The proceeds will then be distributed to eligible shareholders, as per their respective ownership, within a period not exceeding 30 days from the date of determining the new shares eligible for each shareholder.

 

The bank pointed out that the shareholders also authorized the board of directors to distribute interim dividends, quarterly or semi-annually, for 2025.

 

The Saudi Exchange (Tadawul) said that the fluctuation limits today, April 29, for Bank AlJazira will be based on a share price of SAR 13.64.

 

Edaa will deposit the bonus shares into shareholders' portfolios before the start of trading on May 1, 2025.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request