Riyad Bank Plans 33% Capital Boost to SAR 40B

RIBL -1.02%

RIBL

1010.SA

29.22

-1.02%

Riyad Bank announced on February 2, 2026, that its Board of Directors has recommended a 33.33% capital increase from SAR 30 billion to SAR 40 billion by granting one bonus share for every three existing shares. The capital increase will be funded by capitalizing SAR 10 billion from statutory reserves and retained earnings in equal proportion. The bank received approval from the Saudi Central Bank on February 2, 2026, with the move aimed at enhancing financial solvency and supporting strategic objectives.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=92935&anCat=1&cs=1010&locale=ar

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