The Capital Market Authority approved The Saudi British Bank (SABB)request to increase its capital through issuance of bonus shares

The CMA has approved The Saudi British Bank (SABB) request to increase its capital from SR 6,000 million to SR 7,500 million through issuing one bonus share for every four shares owned by the shareholders who are registered in the shareholders register at the closing of trading on the extraordinary general assembly day. Such increase will be paid by transferring an amount of SR 1,500 million from the retained earnings to the bank`s capital. Consequently, increasing the bank’s outstanding shares from 600 million shares to 750 million shares, by an increase of 150 million shares. The bonus shares eligibility is limited to the shareholders who are registered in the shareholders register at the close of trading on the extraordinary general assembly day.