SAMBA to raise capital by 33%

February 2, 2014 12:42 am

Saudi Arabia’s Samba Financial Group has announced it is to boost by 33.33% its capital from SR9bn to SR12bn through the distribution of one bonus share for every three held, Arab News has reported. The proposed increase will be initiated once the necessary approvals have been received from authorities, as well as from shareholders at the extraordinary general assembly meeting, Samba said.