A 33% capital raise of The Saudi Arabian British Bank (from SR 7.5bn to SR 10bn) was approved in the Extraordinary general assembly meeting that was held on 13 March, 2012.
The Capital increase is to take place by issuing one bonus share to each three shares owned by registered shareholders as SAR 2.5bn of retained earnings will be capitalized.
By this issuance the number of outstanding shares will be increased from 750,000,000 shares to 1,000,000,000.
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