NO. 43


Financial and Banking News

Regional Banking

Saudi British Bank to Increase Capital to SR1bn from SR400mn

Saudi British Bank announced on 23 July that it is to increase its paid-upcapital to SR1bn ($267mn) from SR400mn through the sale of new shares and theissuing of bonus shares, funded from existing reserves. The bank plans to offerfour million shares, priced at SR50 each, on a one-for-one basis to existingshareholders; transfer SR200mn from reserves to paid-up...