The CMA has approved the request made by the Saudi British bank for increase of it`s capital from SR 3,750 million to SR 6,000 million by issuing of three bonus shares for every five shares owned by the shareholders who are registered in the shareholders register at the trading closing date that coincides with the extraordinary general meeting, provided that the increase amount should be paid by transfer of an amount of SR 2,250 million from the retained profits. Consequently, to increase the shares from 375 million share to 600 million share, by an increase of 225 million share. These bonus shares shall be issued only for those shareholders who are registered in the relevant register at the trading closing date coinciding with the extraordinary general meeting , which date shall be fixed later by the Bank Board.
