Edaa implements capital hike on Bank Albilad

Logo of Bank Albilad

The Securities Depository Center Co. (Edaa) applied the increase in the number of Bank Albilad’s shares to the accounts of eligible shareholders today, April 17, according to a Tadawul statement.

 

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Earlier this week, shareholders approved the board's proposal for a 20% capital increase to SAR 15 billion through distributing one bonus share for each five shares held, according to data available with Argaam.

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