Riyadh — Mubasher: The Saudi Investment Bank has received the Capital Market Authority’s (CMA) approval to increase its capital from SAR 12.50 billion to SAR 15 billion through the issuance of bonus shares.
The capital hike will be achieved by distributing one free share for every five existing shares held by registered shareholders, according to a regulatory statement on 27 August 2026.
The expansion involves increasing the total number of the bank's shares from 1.25 billion to 1.50 billion, representing an addition of 250 million shares.
To fund this increase, SAIB will capitalize SAR 1.50 billion from its statutory reserve and SAR 1 billion from its retained earnings.
Eligibility for the bonus shares will be determined based on the shareholders registered at the Securities Depository Center by the end of the second trading day following the due date, which will be scheduled later by the bank's board of directors.
The CMA stipulated that the bank must convene an extraordinary general assembly within six months of this approval date to finalize the regulatory requirements for the capital adjustment.
