Major shareholder ups stake in Al Rajhi Bank

31/01/2010 00:00 AST

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

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