Al-Istithmar investors approve capital boost

The shareholders of the Saudi Investment Bank approved a 20% increase in capital, raising it from 12.5 billion to 15 billion riyals, through the issuance of 250 million free shares—one share for every five shares owned. The increase amounts to 2.5 billion riyals, financed by a portion of retained earnings and considering dividend distribution, which elevates the total number of shares from 1.25 billion to 1.5 billion. Additionally, the general assembly approved amendments to certain articles of the company's bylaws related to capital and the issuance of debt instruments, with over 99% approval.

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