Riyadh – Mubasher: The extraordinary general meeting (EGM) of Alinma Bank has approved a capital raise by issuing one bonus share for every three original existing shares.

The bank's capital will increase by 33.3% to SAR 20 billion from SAR 15 billion to enhance the banks' resources to achieve good growth rates in the upcoming years, according to the bank's disclosure to the Saudi Stock Exchange (Tadawul) on Thursday.

It is noteworthy to highlight that in February, the Saudi Capital Market Authority (CMA) has agreed on the bank's capital increase request through the issuance of bonus shares.