The Saudi Arabia Capital Markets Authority has approved Bank Aljazira’s request to increase its capital from SAR 10,250,000,000 to SAR 12,812,500,000 by issuing bonus shares. The increase will be implemented by issuing one bonus share for every four existing shares held by shareholders registered in the shareholders registry at the Security Depository Center as of the close of the second trading day after the due date, which will be set later by the bank’s board. The capital increase will be funded by transferring SAR 1,281,250,000 from the statutory reserve and SAR 1,281,250,000 from retained earnings to capital, raising outstanding shares from 1,025,000,000 to 1,281,250,000, an increase of 256,250,000 shares. An extraordinary general assembly must be held within six months of the approval date, and the bank is required to meet all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2025-03-25
Saudi Arabia Capital Markets Authority approves Bank Aljazira capital increase via one-for-four bonus share issuance
The Saudi Arabia Capital Markets Authority approved Bank Aljazira's capital increase from SAR 10.25 billion to SAR 12.81 billion via bonus shares. The increase involves issuing one bonus share for every four existing shares, funded by transferring SAR 1.28 billion each from the statutory reserve and retained earnings. An extraordinary general assembly must be held within six months, and the bank must comply with all regulatory requirements.