Riyad Bank plans to sell shares
Published September 13th, 2007
Riyad Bank has applied for regulatory approval to more than double its capital by selling 875 million shares to its current investors, reported Bloomberg citing a statement by the bank to the Saudi bourse. The bank plans to raise its capital to 15bn riyals from 6.3bn riyals by selling shares at 10 riyals plus a 5 riyal fee apiece. [AMEInfo.com]
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