Trade AlJazirBank

Al Jazeera Bank (BAJ) is recognized as one of the fast-growing Shariah-compliant financial institutions in Saudi Arabia, a customer-driven and service-oriented Saudi financial group that provides individuals, companies and institutions with innovative Shariah-compliant financial services through professional and dedicated employees. In April 2018, the CMA approved Al Jazeera Bank's request to increase its capital by issuing 3 billion riyals rights to increase its capital from SR 5,200,000,000 to SR 8,200,000,000,001,001 in April Last 2017, the CMA issued its decision to approve Al Jazeera Bank's request to increase its capital from SR 4,000,000,000 to SAR 5,200,000,000 by issuing three additional shares for each (10) listed shares of shareholders registered on the shareholders' register at the close of trading on the day of the Extraordinary General Assembly. BAJ is a joint stock company established in Saudi Arabia and formed by Royal Decree No. 46/M on 12, 1395 (i.e. June 21, 1975). BA started its business at Shawwal 16, 1396H (i.e. October 9, 1976) with the takeover of the Branches of The National Bank of Pakistan (NBP) in Saudi Arabia and operates under commercial registration No. 4030010523 on May 29, 1396 (i.e. July 27, 1976) issued in Jeddah. BAJ began restructuring in 1992 with subsequent capital increases in 1992 and 1994. The full increased capital came from Saudi shareholders, significantly weakening NBK's stake.