‎Bank AlJazira board proposes 1:4 bonus issue

‎Bank AlJazira board proposes 1:4 bonus issue ‎Bank AlJazira board proposes 1:4 bonus issue

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Logo of Bank AlJazira

Bank AlJazira‘s board of directors recommended, in its meeting today, Feb. 11, a 25% capital hike via distributing a one-for-four bonus issue.

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This shall be executed by capitalizing portions of the bank’s statutory reserve and retained earnings, according to a Tadawul filing.

 

Logo of Bank AlJazira

Bank AlJazira‘s board of directors recommended, in its meeting today, Feb. 11, a 25% capital hike via distributing a one-for-four bonus issue.

This shall be executed by capitalizing portions of the bank’s statutory reserve and retained earnings, according to a Tadawul filing.

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