Middle East Economic Survey
VOL. XLVIII
No 10
7-March-2005
SAUDI ARABIA
Riyad Bank And Samba Raise Their Capital Base
Two Saudi banks Riyad Bank and Saudi American Bank (Samba) have decided to raise their share capital and pay dividends to their shareholders in respect of 2004. A shareholders assembly of Riyad Bank, held on 21 February, approved a board of directors decision to raise the banks capital from SR4,000mn ($1,067mn) to SR5,000mn ($1,333mn), with the issue of one free-of-charge share...
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