Riyadh – Mubasher: Bank Al Jazira announced the resubmission of its request for an SAR 3 billion capital increase through a rights issue to the Saudi Capital Market Authority (CMA).
NCB Capital was appointed as financial advisor to the rights issue, according to a bourse filing on Thursday.
In January 2015, the bank’s board recommended raising its capital by SAR 3 billion through a rights issue but withdrew the request in December of the same year.
