The Saudi Investment Bank’s Board of Directors recommended on December 13, 2015 to the Extraordinary General Assembly, after obtaining approval from the concerned authorities, to increase the Bank’s capital by 7.7% from SAR 6,500 million to SAR 7,000 million representing a distribution of 1 bonus share for every 13 shares, increasing the total outstanding shares from 650 million to 700 million.  This capitalization will be through the transfer from the retained earnings. This increase in capital is aimed to support the Bank’s capital base which will increase the growth percentages and meet the future increases in the Bank’s activities.

Eligibility will be for all registered shareholders at the date of the Extraordinary General Assembly, which will be announced at a later stage.   This takes into consideration that the cash dividend previously announced shall not accrue to the bonus shares.

Should there be any fractions of shares, these will be gathered in an investment portfolio and will be sold at market during the regulatory period as of the date of allocation of the new shares.