Edaa implements securities increase for SAIB

06/02/2022 Argaam

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A branch of SAIB

A branch of SAIB

The Securities Depository Center Company (Edaa) announced in a bourse filing implementing securities quantity increase for The Saudi Investment Bank (SAIB) on accounts of eligible securities’ holders today, Feb. 6, 2022.

 

According to data compiled by Argaam, SAIB shareholders approved, on Feb. 1, the board's recommendation on increasing capital from SAR 7.5 billion to SAR 10 billion through a 33.33% bonus share distribution at one share for every three outstanding shares.

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