Logo of Al Rajhi Bank
The Saudi Exchange (Tadawul) adjusted the single stock options (SSO) and single stock futures (SSF) contracts of Al Rajhi Bank after a capital increase of the underlying asset.
The contract code, strike price, and contract size of SSOs, as well as the contract code, reference price, and contract size of SSFs will be adjusted today, April 21, Tadawul said in a statement.
Elsewhere, Al Rajhi Bank shareholders approved raising the bank’s capital to SAR 60 billion through a 50% bonus issue (1-for-2). The bank will capitalize SAR 20 billion from retained earnings.
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