Riyadh-Mubasher: Bank Albilad said the board recommended increasing capital by 20% to SAR 6 trillion from SAR 5 trillion, through a one-for-five bonus share distribution.
The top-up will be effected through capitalising SAR 468 million from retained earnings and SAR 532 million from statutory reserve, the bank added in a bourse statement.
The move is aimed at boosting the bank's resources.
Shareholders of record on the date of the upcoming extraordinary general meeting are eligible for the distribution.
The meeting date will be announced later.
The lender's earnings dropped by 18% in Q4 and 9% in FY15.
The stock rose 2.68% to SAR 22.60 on Monday.
