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Riyad Bank plans to sell shares
2007-09-13 - AME Info | Saudi Arabia | Latest News - Riyad Bank has applied for regulatory approval to more than double its capital by selling 875 million shares to its current investors, reported Bloomberg citing a statement by the bank to the Saudi bourse. The bank plans to raise its capital to 15bn riyals from 6.3bn riyals by selling shares at 10 riyals plus a 5 riyal fee apiece.  

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