Saudi Arabia's Capital Market Authority approved Al Rajhi Bank’s request to increase its capital from SAR 40 billion to SAR 60 billion through the issuance of bonus shares. The bank will issue one bonus share for every two existing shares to shareholders registered in the shareholders registry at the Security Depository Center as of the close of the second trading day after a due date to be determined by the bank’s board. The SAR 20 billion increase will be funded by transferring SAR 20 billion from the “Retained earnings” account to the bank’s capital, increasing outstanding shares from 4,000,000,000 to 6,000,000,000. An extraordinary general assembly must be held within six months of the approval, and the bank must satisfy all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2026-02-16
Saudi Arabia's Capital Market Authority approves Al Rajhi Bank capital increase to SAR 60 billion via bonus shares
Saudi Arabia's Capital Market Authority has approved Al Rajhi Bank's capital increase from SAR 40 billion to SAR 60 billion through bonus shares issuance. The increase will be funded by transferring SAR 20 billion from retained earnings, raising outstanding shares from 4 billion to 6 billion. An extraordinary general assembly must be held within six months, with all regulatory requirements met.