alrajhi bank Shareholders to Vote on Increasing Capital to SAR 60 Billion

alrajhi bank’s Board of Directors has invited shareholders to participate and vote at the 16th Extraordinary General Assembly Meeting (First Meeting), scheduled to be held on the evening of April 20, 2026, via electronic means.

According to a statement published on the Bank’s official website, the agenda includes voting on the Board’s recommendation to distribute cash dividends of SAR 7 billion to shareholders for the second half of 2025, equivalent to SAR 1.75 per share, representing 17.5% of the share’s par value.

The Bank noted that total dividends distributed for the financial year ended December 31, 2025, amounted to SAR 10 billion, or SAR 2.50 per share, representing 25% of the share’s par value. Shareholders registered in the Bank’s shareholder register maintained by the Securities Depository Center Company (Edaa) at the close of the second trading day following the eligibility date will be entitled to receive the dividends, provided they hold the shares at the close of trading on the date of the Extraordinary General Assembly meeting. Dividend payments are scheduled to commence on April 30, 2026.

Shareholders will also vote on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis during the financial year ending December 31, 2026.

In addition, the agenda includes voting on the Board’s recommendation to increase the Bank’s capital by SAR 20 billion through the issuance of bonus shares to shareholders, increasing the capital from SAR 40 billion to SAR 60 billion, representing a 50% increase.

Accordingly, the total number of shares will increase from 4 billion to 6 billion shares. The proposed capital increase is intended to strengthen the Bank’s financial position and support the achievement of its strategic objectives. The increase will be funded by capitalizing SAR 20 billion from retained earnings through the issuance of one bonus share for every two shares held.

The Bank confirmed that any fractional shares resulting from the bonus issue will be consolidated into a single portfolio, sold at market price, and the proceeds distributed to eligible shareholders in proportion to their respective holdings within 30 days from the date on which each shareholder’s entitlement to the new shares is determined.

The agenda also includes voting on amendments to Article (6) of the Bank’s Articles of Association relating to capital and Article (7) relating to the subscription of shares.

Shareholders will further vote on the appointment of the Bank’s external auditors from among the candidates recommended by the Audit Committee to review and audit the financial statements for the second and third quarters, the annual financial statements for the financial year ending December 31, 2026, and the first-quarter financial statements for the financial year ending December 31, 2027, as well as to determine their remuneration.

Additionally, shareholders will vote on amendments to the remuneration policy for the Board of Directors, its committees, and executive management, as well as the payment of SAR 14.67 million as remuneration and compensation to members of the Board of Directors and its committees for the financial year ended December 31, 2025.