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AME ADX market

Bank AlJazira gets nod to issue bonus shares

: Tuesday, April 15 - 2014 @ 17:35

The Riyadh-based Tadawul All Share Index gained 0.63 per cent, hitting 9,505.03 points on Tuesday, April 15. Market breadth turned back into positive territory as 113 shares advanced, while 28 declined.  Bank AlJazira gained 0.47 per cent to hit SAR42.50. Earlier in the day, the Saudi Arabian capital market authority said it approved the lender’s request to increase its capital from SAR3 billion ($810 million) to SAR4bn ($1.08bn) through issuing one bonus share for every three existing shares.

Gérard Al-Fil

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Tuesday, April 15- 2014 @ 17:35 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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