The Saudi Capital Market Authority has approved a request to increase the capital of the Saudi British Bank from 15 billion riyals to 20.5 billion riyals.
This increase will be made by issuing (554,794,522) ordinary shares, for the purpose of merging the First Bank into the Saudi British Bank and transferring all the assets and liabilities of the First Bank to the Saudi British Bank from During a securities swap offer.
Regarding the circular of shareholders regarding the increase in the capital of the Saudi British Bank, it will be published sufficiently before the extraordinary general assembly of the Saudi British Bank, and the circular of shareholders must contain The information and data that the shareholders of the Saudi British Bank need to view, especially information related to capital increase and risk factors, before making their decision to vote on the decision to increase the capital for the mentioned purpose.
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