Saudi Investment Bank to raise capital by 22%

Author: 
REUTERS
Publication Date: 
Tue, 2011-03-29 02:21

“This will involve the transfer of 1 billion riyals from the leftover profits as of 31, December, 2010,” the firm said in a statement.
In separate statements on Sunday, the Capital Market Authority said it had added the bank’s new shares, adding one share for each 4.5 shares, and that it will adjust the bank’s share price to 20.15 riyals.

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