A 33.3% capital raise of SAMBA financial group (from SAR 9bn to SAR 12bn) was approved by the Capital Market Authority CMA.
The Capital raise is to take place by issuing one bonus share to each three shares owned by registered shareholders as SAR 3bn of retained earnings will be capitalized.
By this issuance the number of outstanding shares will be increased from 900,000,000 shares to 1,200,000,000 shares.
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