SAIB gets CMA nod on capital hike to SAR 10 bln through bonus shares
- Date: 09-Jan-2022
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
SAIB gets CMA nod on capital hike to SAR 10 bln through bonus shares
Logo of Saudi Investment Bank
Saudi Arabia’s Capital Market Authority (CMA) approvedthe Saudi Investment Bank’s (SAIB) request to increase capital from SAR 7.5 billion to SAR 10 billion through the issue of one bonus share for every three shares held, the authority said in a statement today, Jan. 9.
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