SAIB obtains CMA’s nod for SAR 2.5bn capital raise
- Date: 25-Mar-2024
- Source: Mubasher
- Sector:Financial Markets
- Country:Saudi Arabia
SAIB obtains CMA’s nod for SAR 2.5bn capital raise
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the capital hike of the Saudi Investment Bank (SAIB) by granting one bonus share for every four owned shares. SAIB will transfer SAR 2.50 billion from the statutory reserve account to … SAIB obtains CMA’s nod for SAR 2.5bn capital raise