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Bank Albilad to discuss capital top-up April 14

Bank Albilad to discuss capital top-up April 14
Photo Credit: Arabianeye-Reuters
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Riyadh-Mubasher: Saudi Arabia’s Bank Albilad will hold its extraordinary general meeting on 14 April, to discuss the board’s proposal for paying cash dividend for the fiscal year 2014 at 5% of the stock’s par value, or SAR 0.50 per share, totaling SAR 200 million.

Shareholders will also look into raising capital by 25% from SAR 4 billion to SAR 5 billion, though one-for-four bonus share distribution.