‎SAIB shareholders to vote on 33.3% bonus shares, 7% cash dividend for 2021

‎SAIB shareholders to vote on 33.3% bonus shares, 7% cash dividend for 2021

The Saudi Investment Bank’s (SAIB) shareholders will discuss the board's recommendation on increasing capital by 33% to SAR 10 billion from SAR 7.5 billion through one-for-three bonus share distribution, during the general meeting that will be held on Feb. 1.  

In addition, shareholders will vote on the board's recommendation on paying cash dividend at 7% of capital, or SAR 0.7 per share, for 2021, the bank said in a bourse statement. 









Key Figures of the Capital Hike











Current Capital







SAR 7.5 bln











Number of Shares







750 mln











Hike (%)







33.33% (one share for every three outstanding shares)











New Capital







SAR 10 bln











New Number of Shares







1 bln











Driver







Strengthening the company's capital base to increase growth and future expansions over the coming years











Record date







Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day following the EGM date.















Dividend Details (2021)