SAUDI ARABIA: The Saudi Capital Market Authority (CMA) has approved Bank AlJazira’s request to increase its capital from SAR8.2 billion (US$2.19 billion) to SAR10.25 billion (US$2.73 billion) through issuing one bonus share for every four existing shares owned by the shareholders, according to an official statement.
Categories:
Asset ManagementRestricted Access
Login to continue reading (existing subscriber)
Subscribe NOW and get:
- Gain unlimited access through all key operating platforms
- Full access to all listed Islamic funds & fund profiles
- Unlimited access to all Islamic fund managers
- Access to all exclusive articles, reports, podcasts & videos
- Complimentary access to all IFN Investor Forums
