Saudi Bank Aljazira names advisers for $800 mln rights issue

April 2, 2015 2:47 PM

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KHOBAR, Saudi Arabia, April 2 (Reuters) - Saudi Arabia's Bank Aljazira has appointed the investment banking arms of Gulf International Bank and Riyad Bank to advise it on a 3 billion riyal ($800 million) rights issue.

The price and number of shares to be issued under the offering, which will be arranged by GIB Capital and Riyad Capital, is still pending approval from the "relevant authorities" and shareholders, the bank said in a bourse filing.

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