Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) deposited on Tuesday the bonus shares of the Saudi Investment Bank (SAIB) in shareholders’ portfolios.
The stock fluctuation limits will be based on a share price of SAR 14.93 ($3.98).
The bank’s extraordinary general meeting (EGM) agreed yesterday to increase the bank’s capital from SAR 6.5 billion ($1.73 billion) to SAR 7 billion ($1.87 billion) through distributing 1-for-13 bonus shares.
The bank’s stock rose yesterday by 2.42% to SAR 16.08 ($4.29).
