Bank Aljazira (BAJ) is recognized as one of the leading Shari'ah compliant fast growing financial institutions in Saudi Arabia, client-driven and service-oriented Saudi Financial Group which provides individuals, businesses and institutions with innovative Shari'ah compliant financial services through professional and dedicated staff.
In April 2018, the Capital Market Authority (CMA) approved the request of Bank Aljazira to increase its capital through a rights issue of SR 3 billion to increase its capital from SR 5,200,000,000 to SR 8,200,000,000
In April 2017 the CMA has issued its resolution approving Bank Aljazira’s request to increase its capital from SAR (4,000,000,000) to SAR (5,200,000,000) through issuing three bonus shares for every (10) existing shares owned by the shareholders who are registered in the shareholders registry at the closing of trading on the day of the extraordinary general assembly.
BAJ is a Joint Stock Company incorporated in the Kingdom of Saudi Arabia and formed pursuant to Royal Decree No. 46/M dated Jumad Al-Thani 12, 1395H (i.e. June 21, 1975). BAJ commenced its business on Shawwal 16, 1396H (i.e. October 9, 1976) with the takeover of The National Bank of Pakistan's (NBP) branches in the Kingdom of Saudi Arabia and operates under commercial registration No. 4030010523 dated Rajab 29, 1396H (i.e. July 27, 1976) issued in Jeddah.
