Logo ofBank AlJazira
The Capital Market Authority (CMA) approved today, March 25, Bank AlJazira’s request to increase its capital from SAR 10.25 billion to SAR 12.81 billion through 25% bonus share distribution at 1-for-4 shares. 
Eligible shareholders are those registered with the Securities Depository Center Co. (Edaa) by the close of the second trading day after the record date, which will be determined later by the bank’s board.
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The capital top-up will be funded by transferring SAR 1.28 billion from the statutory reserve account and SAR 1.28 billion from the retained earnings account to Bank AlJazira’s capital.
The deciding extraordinary general meeting (EGM) must be held within six months of the CMA’s approval date. The bank is required to comply with all regulatory requirements and applicable laws.
According to data available with Argaam, Bank AlJazira’s board of directors recommended in February a 25% capital top-up from SAR 10.25 billion to SAR 12.81 billion, through a 1:4 bonus issue, as shown below:
Capital Increase Details
Current Capital
SAR 10.25 bln
Number of Shares
1.02 bln shares
Capital increase (%)
25 %
New Capital
SAR 12.8 bln
Number of Shares after Increase
1281.25 mln
Method
1-for-4 bonus share distribution
Capitalization
Capitalizing SAR 2.56 bln equally from statutory reserve and retained earnings.
Record date
Shareholders of record and those registered with Edaa by the close of the second trading day following the EGM
Reason
To enhance the bank’s capital base to achieve its strategic goals
Logo ofBank AlJazira
The Capital Market Authority (CMA) approved today, March 25, Bank AlJazira’s request to increase its capital from SAR 10.25 billion to SAR 12.81 billion through 25% bonus share distribution at 1-for-4 shares.
Eligible shareholders are those registered with the Securities Depository Center Co. (Edaa) by the close of the second trading day after the record date, which will be determined later by the bank’s board.
For more news on listed companies
The capital top-up will be funded by transferring SAR 1.28 billion from the statutory reserve account and SAR 1.28 billion from the retained earnings account to Bank AlJazira’s capital.
The deciding extraordinary general meeting (EGM) must be held within six months of the CMA’s approval date. The bank is required to comply with all regulatory requirements and applicable laws.
According to data available with Argaam, Bank AlJazira’s board of directors recommended in February a 25% capital top-up from SAR 10.25 billion to SAR 12.81 billion, through a 1:4 bonus issue, as shown below:
Capital Increase Details
Current Capital
SAR 10.25 bln
Number of Shares
1.02 bln shares
Capital increase (%)
25 %
New Capital
SAR 12.8 bln
Number of Shares after Increase
1281.25 mln
Method
1-for-4 bonus share distribution
Capitalization
Capitalizing SAR 2.56 bln equally from statutory reserve and retained earnings.
Record date
Shareholders of record and those registered with Edaa by the close of the second trading day following the EGM
Reason
To enhance the bank’s capital base to achieve its strategic goals
