23 Hrs
Source:
الاقتصادية
D360 Bank Approves 39% Capital Boost
The Extraordinary General Assembly of D360 Bank approved a capital increase from 2.1 billion riyals to 2.91 billion riyals, approximately a 39% increase. This will involve issuing 72.9 million shares at a price of 20.57 riyals per share, raising about 1.49 billion riyals. The purpose of this is to support the bank's growth and its focus on expanding in private markets and financing. Additionally, Derayah Investment intends to hold a 16.35% stake in the bank after the capital increase, valued at approximately 980 million riyals, using its own resources, without impacting its profits or shareholders' equity.
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