| Introduction | Alinma Bank announces the Board of Directors' resolution dated 18 Jumada Al-Thani 1445H corresponding to 31 December 2023, recommending to the Extraordinary General Assembly of the Bank to increase the capital by capitalization from the retained earnings by way of granting one share for every four shares |
| Date of Board Meeting | 2023-12-31 Corresponding to 1445-06-18 |
| Capital before increase | 20,000,000,000 Saudi Riyal |
| Capital after increase | 25,000,000,000 Saudi Riyal |
| Percentage of Capital increase | 25 % |
| Number of shares before Capital increase | 2000000000 |
| Number of shares after Capital increase | 2500000000 |
| 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 four shares |
| Nature and Value of Reserves Used in the Capitalization | SAR 5,000 million will be capitalized from retained earnings. |
| Eligibility Date | The shareholders registered in the Bank's shareholders' register with the Securities Depository 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, will be eligible for the bonus shares. |
| Fractional Shares | In the event of fractional shares, the fractions will be collected in one portfolio for all shareholders and sold at the market price and then distributed to the shareholders entitled to the grant, each according to his share, within a period not exceeding 30 days from the date of determining the new shares due to each shareholder. |
| Approvals | The grant is conditional on obtaining the approval of the official authorities and the extraordinary general assembly on the increase in the capital and the number of shares granted. |
