Logo ofBank Albilad
Bank Albilad’s shareholders are set to vote on a 20% capital hike to SAR 15 billion via a 1:5 bonus share distribution, during the extraordinary general meeting (EGM) to be held on April 14, as follows: 
Capital Hike Details
Current Capital
SAR 12.5 bln
Current Number of Shares
1.25 bln
Percentage Increase
20%
New Capital
SAR 15 bln
New Number of Shares
1.5 bln
Method
1-for-5 bonus share distribution
Reserves
Capitalizing SAR 1.5 bln from retained earnings and SAR 1 bln from the statutory reserve
Record Date
April 14, 2025 (Shareholders registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the record date)
Reason
Strengthening the bank’s financial position and preserving its resources for operational activities
Fractional shares, if any, will be compiled into one portfolio for all shareholders and will be offered at market price. Proceeds will be distributed among eligible shareholders pro rata within 30 days maximum.
Other agenda items include voting on authorizing the board of directors to pay interim dividends on a semi-annual or quarterly basis for 2025.
For more news on listed companies
In February, Bank Albilad’s board recommended a 20% capital top-up via a 1:5 bonus issue. Earlier this month, the Capital Market Authority (CMA) approved the bank’s capital hike file, according to Argaam’sdata.
Logo ofBank Albilad
Bank Albilad’s shareholders are set to vote on a 20% capital hike to SAR 15 billion via a 1:5 bonus share distribution, during the extraordinary general meeting (EGM) to be held on April 14, as follows:
Capital Hike Details
Current Capital
SAR 12.5 bln
Current Number of Shares
1.25 bln
Percentage Increase
20%
New Capital
SAR 15 bln
New Number of Shares
1.5 bln
Method
1-for-5 bonus share distribution
Reserves
Capitalizing SAR 1.5 bln from retained earnings and SAR 1 bln from the statutory reserve
Record Date
April 14, 2025 (Shareholders registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the record date)
Reason
Strengthening the bank’s financial position and preserving its resources for operational activities
Fractional shares, if any, will be compiled into one portfolio for all shareholders and will be offered at market price. Proceeds will be distributed among eligible shareholders pro rata within 30 days maximum.
Other agenda items include voting on authorizing the board of directors to pay interim dividends on a semi-annual or quarterly basis for 2025.
For more news on listed companies
In February, Bank Albilad’s board recommended a 20% capital top-up via a 1:5 bonus issue. Earlier this month, the Capital Market Authority (CMA) approved the bank’s capital hike file, according to Argaam’sdata.
