Al Rajhi Bank gets CMA nod on 50% capital hike via bonus issue

Al Rajhi Bank headquarters

The Capital Market Authority (CMA) approved Al Rajhi Bank's request to increase capital from SAR 40 billion to SAR 60 billion.

The planned capital top-up will be carried out through a one-for-two bonus share distribution, to shareholders of record who are registered with the Security Depository Center (Edaa) by the close of trading on the second trading day after the record date that will be determined later.

The potential transaction will be financed through transferring SAR 20 billion from the retained earnings account to the company's capital. Consequently, the number of shares will be increased from 10 billion to six billion.

The deciding extraordinary general assembly should be held within six months from this approval date. Al Rajhi Bank should satisfy all regulatory requirements and applicable laws.​

According to Argaam’s data, Al Rajhi Bank’s board, in January 2026, recommended a 50% capital hike to SAR 60 billion from SAR 40 billion through distributing one bonus share for every two shares held.