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Second-Biggest Saudi Arabian Bank Plans $4 Billion Capital Boost
Al Rajhi Bank plans to boost its capital by $4 billion as the second-biggest Saudi Arabian lender looks to grow its business. The Riyadh-based lender plans to offer 3 bonus shares for every 5 held, according to a statement. That will raise the bank’s capital to 40 billion riyals ($10.7…
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Click here to read the full story: BNN Bloomberg