SHB board of directors approves a capital raise

The BOD of the Saudi Hollandi Bank  in its extra ordinary general assembly meeting; approved a recommendation to increase the Banks capital by 20% from SR 3,307,500,000 (Three thousand three hundred seven million and five hundred thousand Riyals) to SR 3,969,000,000 ( Three thousand and nine hundred sixty nine million) Riyal divided capitalization of SR 661,500,000 from retained earnings by issuing bonus shares at one share for every five shares held by the shareholders at the end of Tadawul business day of the AGMs meeting (Sunday 25/04/1433 corresponding to 18/03/2012), resulting in the increase of the total shares representing the bank's capital from 330,750,000 shares to 396,900,000 shares at nominal value of SR. 10 each.