يعلن بنك البلاد عن توصية مجلس الإدارة بزيادة رأس مال البنك عن طريق منح أسهم

A1140 ALBILAD1.15 (2.61 %)
1443/04/04 Tue Nov 9, 2021 08:01:41

Bank Albilad announces the board's recommendation for the capital increase by way of issuing bonus shares

Share this: Facebook TwitterLinkedIn

Element List	Explanation
Introduction	Bank Albilad announces the board's recommendation to the Extraordinary General Assembly for the capital increase by way of issuing bonus shares to the bank's shareholders by capitalization from the retained earnings by way of granting one share for every three shares.
Date of Board Meeting	2021-11-08 Corresponding to 1443-04-03
Capital before increase	7,500,000,000 SAR
Capital after increase	10,000,000,000 SAR
Percentage of Capital increase	33.33 %
Number of shares before Capital increase	750000000
Number of shares after Capital increase	10000000000
Reasons for the increase	The increase in capital aims to enhance the Bank's financial solvency and retain its resources in operational activities.
Number of Shares Granted per Exiting Share	one share for every three shares
Nature and Value of Reserves Used in the Capitalization	2,500,000,000 SAR will be capitalized from the retained earnings
Eligibility Date	Bonus shares will be eligible for shareholders registered in the Bank's shareholders' register with the Securities Deposit Center Company (Deposit Center) by the end of the second trading day following the date of the Extraordinary General Assembly meeting, which will be scheduled later.
Fractional Shares	In the event of stock fractures, the fractions will be grouped into a single portfolio for all shareholders and sold at the market price and then distributed to the shareholders entitled to the grant each according to their share within 30 days of the date of the determination of the shares due to each shareholder.
Approvals	The grant is conditional on the approval of the official authorities and the extraordinary General Assembly on the increase in capital and the number of shares granted.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.