‎SAIB shareholders approve 1:5 bonus issue

‎SAIB shareholders approve 1:5 bonus issue ‎SAIB shareholders approve 1:5 bonus issue

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One of SAIB’s branches

The extraordinary general assembly (EGM) of The Saudi Investment Bank (SAIB) approved last Thursday, Oct. 1 the board of directors’ recommendation to increase the bank’s capital by issuing bonus shares to shareholders at a ratio of one share for every five shares held.

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The capital increase will be funded through the capitalization of SAR 1.5 billion from the statutory reserve and SAR 1 billion from retained earnings.

Capital increase details

Item

Details

Current Capital

SAR 12,500 million

No. of shares

1,250 million shares

Percentage

20% (1 bonus share for every 5 shares held)

Method

Capitalizing SAR 1,500 million from the statutory reserve and SAR 1,000 million from retained earnings

New Capital

SAR 15,000 million

New No. of Shares

1,500 million shares

Record date

Oct. 1, 2026 (Including shareholders registered with Edaaby the end of thesecond trading day following therecorddate)

Reason

Strengthening the bank’s capital base to support growth and expansion in its business over the coming years

In case of fractional shares, they will be aggregated into a single portfolio for all shareholders, sold at market price, and the proceeds distributed among eligible shareholders according to their respective entitlements within no more than 30 days from the date the shares due to each shareholder are determined.

The fluctuation limits today, Oct. 4, for SAIB will be based on a share price of SAR 12.11and the outstanding orders will be canceled, Tadawul said in a separate statement.

Edaa will deposit the additional shares into investor portfolios by Oct. 6.

 

‎

One of SAIB’s branches

The extraordinary general assembly (EGM) of The Saudi Investment Bank (SAIB) approved last Thursday, Oct. 1 the board of directors’ recommendation to increase the bank’s capital by issuing bonus shares to shareholders at a ratio of one share for every five shares held.

The capital increase will be funded through the capitalization of SAR 1.5 billion from the statutory reserve and SAR 1 billion from retained earnings.

Capital increase details

Item

Details

Current Capital

SAR 12,500 million

No. of shares

1,250 million shares

Percentage

20% (1 bonus share for every 5 shares held)

Method

Capitalizing SAR 1,500 million from the statutory reserve and SAR 1,000 million from retained earnings

New Capital

SAR 15,000 million

New No. of Shares

1,500 million shares

Record date

Oct. 1, 2026 (Including shareholders registered with Edaaby the end of thesecond trading day following therecorddate)

Reason

Strengthening the bank’s capital base to support growth and expansion in its business over the coming years

In case of fractional shares, they will be aggregated into a single portfolio for all shareholders, sold at market price, and the proceeds distributed among eligible shareholders according to their respective entitlements within no more than 30 days from the date the shares due to each shareholder are determined.

The fluctuation limits today, Oct. 4, for SAIB will be based on a share price of SAR 12.11and the outstanding orders will be canceled, Tadawul said in a separate statement.

Edaa will deposit the additional shares into investor portfolios by Oct. 6.

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