Here’s something to ‘tweet’ about
Sharjah Police: ‘Don’t give money to beggars’
Fighting the world’s biggest killer
Twist and shout
“Your customers aren’t fools”
Behind the curtain of Simone Heng
Chatting with the man behind Dubai City Pass
A business discussion with the author of ‘Connect The Dots’
Saudi Investment Bank hikes capital to $1.5 billion
"This will involve the transfer of 1 billion riyals from the leftover profits as of 31, December, 2010," the firm said
March 27, 2011 4:50 by p.deleon
Saudi Investment Bank said on Sunday it plans to increase its capital by 22 percent to 5.5 billion riyals ($1.5 billion) by issuing 1 free share for each 4.5 shares.
“This will involve the transfer of 1 billion riyals from the leftover profits as of 31, December, 2010,” the firm said in a bourse statement on Sunday.
In separate statements on Sunday, the Capital Market Authority (CMA) said it had added the bank’s new shares, adding one share for each 4.5 shares, and that it will adjust the bank’s share price to 20.15 riyals.
(Reporting by Asma Alsharif; Editing by Shaheen Pasha)
Lately on Kipp
-
Pakistani National Won the Second Dubai Duty Free Summer Surprise Promotion
-
Spectrami wins the Emerging Distributor of the Year Award
-
Deadly new coronavirus a “serious risk” in hospitals
-
Goal announces major rebrand and redevelopment in preparation for Brazil 2014
-
BlackBerry opens first regional store
-
Here’s something to ‘tweet’ about
