The Capital Market Authority approves the capital increase request for Samba Financial Group through issuance of bonus shares

The CMA Board has issued its resolution approving Samba Financial Group’s request to increase its capital from SAR (9,000,000,000) to SAR (12,000,000,000) through issuing one bonus share for every (3) existing shares owned by the shareholders who are registered in the shareholders registry at the closing of trading on the day of the extraordinary general assembly. Such increase will be paid by transferring an amount of SAR (3,000,000,000) from “Retained Earnings” account to the Group’s capital. Consequently, increasing the Group’s outstanding shares from (900,000,000) shares to (1,200,000,000) shares, by an increase of (300,000,000) shares. The bonus shares eligibility is limited to the shareholders who are registered in the shareholders registry at the close of trading on the day of the extraordinary general assembly, which will be determined later by the Group’s board, and should be held within six months from the approval date. This approval is conditional on the Group’s satisfying the regulatory requirements of Companies Law and any other applicable laws.