alrajhi Shareholders Approve Capital Increase to SAR 60 billion via Bonus Shares, Endorse SAR 1.75 Interim Dividend

alrajhi bank announced the results of its 16th extraordinary general assembly (first meeting), where shareholders approved the board’s recommendation to increase capital from SAR 40 billion to SAR 60 billion, representing a 50% increase, through the capitalization of SAR 20 billion and the issuance of bonus shares on the basis of one share for every two shares held, aimed at strengthening the bank’s position and supporting its strategic objectives.

In the event of fractional shares, they will be consolidated into a single portfolio for all shareholders, sold at market price, and the proceeds distributed to eligible shareholders in proportion to their holdings within a period not exceeding 30 days from the date of determining the new shares due to each shareholder.