A 25% capital raise of the Banque Saudi Fransi (from SAR7.2 bn to SR 9bn) was approved in the Extraordinary general assembly meeting that was held on 7 April, 2012 to support the company's future expansions.

 

The Capital increase is to take place by issuing one bonus share to each four shares owned by registered shareholders as SAR 1.8bn of retained earnings will be capitalized.

 

By this issuance the number of outstanding shares will be increased from 723,214,300 shares to 904,017,875.

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