‎SAIB shareholders approve 33.3% bonus shares, 7% cash dividend for 2021

‎SAIB shareholders approve 33.3% bonus shares, 7% cash dividend for 2021

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02/02/2022

Argaam Exclusive

















The Saudi Investment Bank's (SAIB) shareholders approved, on Feb. 1, the board's recommendation on increasing capital from SAR 7.5 billion to SAR 10 billion through a 33.33% bonus share distribution at one share for every three outstanding shares.  

Meanwhile, shareholders gave the nod to the board's recommendation on a 7% cash dividend, at SAR 0.70 a share, for 2021.









Details of Capital Increase











Current capital







SAR 7.5 bln











Number of shares







750 mln











Percentage of increase







33.33% (one share for every three shares held)











Method of increase







Bonus share distribution











Capital after increase







SAR 10 bln











Number of shares after increase







1 bln











Record date







Feb. 1, 2022 (Including shareholders registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the general meeting date)