Middle East Economic Survey
VOL. LII
No 7
16-Feb-2009
SAUDI ARABIA
Saudi Hollandi Plans 25% Capital Increase
The board of directors of the Saudi Hollandi Bank has decided to recommend to the shareholders meeting, scheduled to be held in March, a 25% increase in the banks capital from SR2.65bn ($706.7mn) to SR3.31bn ($ 882.7bn), through the capitalization of SR661.5mn ($176.4bn) from the banks retained profits. The boards recommendation includes the distribution of one bonus share for each four...
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