RIYADH: The number of shares of the Saudi Investment Bank trading on the open market has increased by 10 percent, or 74.99 million shares, Al-Arabiya TV reported, quoting CEO of Alistithmar Capital Khaled Al-Rayes. The shares were purchased by various entities that led to an increase in the proportion of free-float shares of the bank, with orders at SR1 billion ($266 million) for the full value of the offering, and the average closing price SR15.56, said Al-Rayes. The step came after the bank’s shareholders approved the sale of the shares acquired from JP Morgan International Finance (56.25 million) and Mizuho Bank Ltd. (18.75 million) as treasury shares, during the extraordinary general assembly meeting held on Aug. 4, Argaam reported.