Major shareholder ups stake in Al Rajhi Bank
Riyadh, January 31, 2010
A major shareholder in Al Rajhi Bank boosted his stake in the Islamic lender to 14 percent from a previous 13.9 percent, bourse data showed on Sunday.
Saleh Abdulaziz Saleh Al-Rajhi bought an extra 1.5 million shares in the bank on Saturday, the data from Tadawul showed.
The 0.1 percent stake is worth 110.6 million riyals ($29.5 million) based on Saturday's closing price. - Reuters