According to the bank’s statement to the Saudi market (Tadawul), the value of the increase in the capital will be paid by transferring the amount of 3.423 billion riyals from the statutory reserve item and the amount of 1.577 billion riyals from The retained earnings item, thus increasing the number of shares from 1.5 billion shares to 2 billion shares, an increase of 500 million shares.
provided that the date of the extraordinary general assembly does not exceed six months from the date of this approval, and that the bank completes the relevant regulatory procedures and requirements.