Al Rajhi Bank’s Extraordinary General Assembly approved a 11.1 percent capital raise from SAR 13.5 billion to SAR 15 billion through the issuance of bonus shares by transferring an amount of SAR 1.5 billion from retain earnings account into the capital and the eligibility right for registered shareholders who are registered in the bank’s registry by the end trading day of the Extraordinary General Assembly meeting held on February 24, 2008.
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Capital Rise Details |
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SAR 13.5 bln |
Current capital |
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1350 mln shares |
Number of shares |
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11.1% (one share for every nine shares) |
Capital raise percentage |
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SAR 15 bln |
New capital |
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1500 mln shares |
Number of Shares after raise |
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February 24, 2008 |
Record date |
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H2 Cash Dividend Details |
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SAR 675 mln |
Cash dividend |
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5% ( 50 halala/share) |
Percent of capital |
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February 24, 2008 |
Record date |
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