December 31, 2017 / 6:20 AM / 10 months ago

BRIEF-Saudi's NCB Board Recommends Capital Increase Through Bonus Shares

Dec 31 (Reuters) - NATIONAL COMMERCIAL BANK:

* BOARD RECOMMENDS TO EGAM TO INCREASE BANKS CAPITAL TO 30 BILLION RIYALS FROM 20 BILLION RIYALS THROUGH BONUS SHARES‍​

* SAYS INCREASING WILL BE DOING THROUGH CAPITALIZATION 10 BILLION RIYALS FROM ACCOUNT RETAINED EARNINGS‍​

* OFFERING 1 BONUS SHARES FOR EVERY 2 SHARES OWNED‍​ Source text for Eikon: Further company coverage:

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