Bank Aljazira to file for rights issue approval soon

07/05/2015 Argaam

Bank Aljazira said it will soon file for approval for its rights issue with the Capital Market Authority (CMA) as it finalizes its application, it said in a statement to Tadawul on Thursday.

 

Developments on its status would be announced in due time, it added.

 

Argaam reported in January that the Saudi lender's board of directors recommended raising the bank’s capital through a SAR 3 billion rights issue.

 

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