| Element List | Explanation |
|---|---|
| Introduction | Bank Albilad announces the board's recommendation to the Extraordinary General Assembly for the capital increase through capitalization from the retained earnings and statutory reserves by way of granting one share for every five shares. |
| Date of Board Meeting | 2025-02-06 Corresponding to 1446-08-07 |
| Capital before increase | 12,500,000,000 SAR |
| Capital after increase | 15,000,000,000 SAR |
| Percentage of Capital increase | 20 % |
| Number of shares before Capital increase | 1250000000 |
| Number of shares after Capital increase | 1500000000 |
| Reasons for the increase | The increase in capital aims to enhance the Bank's financial solvency and retain its resources in operational activities. |
| Number of Shares Granted per Exiting Share | one share for every five shares |
| Nature and Value of Reserves Used in the Capitalization | 1,500,000,000 SAR will be capitalized from the retained earnings and 1,000,000,000 SAR from statutory reserves |
| Eligibility Date | Bonus shares will be eligible for shareholders registered in the Bank's shareholders' register with the Securities Deposit Center Company (Edaa’) by the end of the second trading day following the date of the Extraordinary General Assembly meeting, which will be scheduled later. |
| Fractional Shares | In the event of stock fractures, the fractions will be grouped into a single portfolio for all shareholders and sold at the market price and then distributed to the shareholders entitled to the grant each according to their share within a period not exceeding 30 days from the date of the determination of the shares due to each shareholder. |
| Approvals | The grant is conditional on the approval of the Regulators and the Extraordinary General Assembly on the increase in capital and the number of shares granted. It should be noted that the Bank has obtained no-objection from the Saudi Central Bank on the capital increase. |
