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Riyad Bank Announces the Board’s Recommendation to Increase the Capital by Granting Bouns Shares
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1447/08/14 02/02/2026 15:52:15
| Element List | Explanation |
|---|---|
| Introduction | Riyad Bank announces the Board of Directors' resolution dated 14 Shaban 1447H corresponding to 2 February 2026, recommending to the Extraordinary General Assembly of the Bank to increase the Bank capital by capitalization from the Statuary reserve and retained earnings by way of granting one share for every three shares |
| Date of Board Meeting | 2026-02-02 Corresponding to 1447-08-14 |
| Capital before increase | SAR 30,000,000,000 |
| Capital after increase | SAR 40,000,000,000 |
| Percentage of Capital increase | 33.33 % |
| Number of shares before Capital increase | 3000000000 |
| Number of shares after Capital increase | 4000000000 |
| Reasons for the increase | The increase in capital aims to enhance the Bank's financial solvency and retain its resources in operational activities which contributes to achieving its strategic objectives. |
| Number of Shares Granted per Exiting Share | One share for every three shares |
| Nature and Value of Reserves Used in the Capitalization | SAR 10,000 million will be capitalized from the statutory reserve and retained earnings in equal proportion. |
| Eligibility Date | Eligible Shareholders are Those Holding Shares in the Eligibility Date as per the Shareholders Registry at the Deposit Center at The End of The Second Working Day after Eligibility Date |
| Fractional Shares | In the event of fractional shares, the fractions will be collected in one portfolio for all shareholders and sold at the market price and then distributed to the shareholders entitled to the grant, each according to his share, within a period not exceeding 30 days from the date of determining the new shares due to each shareholder. |
| Approvals | The grant is conditional on obtaining the approval of the official authorities and the extraordinary general assembly on the increase in the capital and the number of shares granted. The Bank obtained no-objection from the Saudi Central Bank for the capital increase on 02/02/2026. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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