The capitalization of the market reached SR 1277.93 billion ( US$ 340.8 billion ) an increase of 11% compared to Jan 2005 when it stood at SR 1156.41 billion ( US$ 308.4 billion ).
The total Value of shares traded during Feb 2005 reached SR 139 billion (US$ 37 billion) compared with SR 70.2 billion (US$ 18.7 billion) for Jan 2005 an increase of 98% .The total shares traded during Feb 2005 reached 584.5 million compared with 256.4 million in Jan 2005 an increase of 128% . The total number of transactions reached 1.5 million compared to 860.6 thousand in Jan 2005 an increase of 75%.
New listings:
The public offering of AlBilad Bank started on 21 february 2005. AlBilad Bank will start trading soon with a capital of (3) SR billion and (60) million shares,issued (50%) to the public at an offer price of SAR 50.
Corporate actions:
- Riyad Bank increased its issued shares to (100) million shares by issuing one bonus share for every 4 held on 21/2/2005.
- The Saudi Investment Bank increased its shares to (34,375,000) shares by issuing one bonus share for every 4 shares held on 26/2/2005.
