Saudi Arabia's financial regulator has approved a 33 percent capital increase for Saudi British Bank (SABB) <1060.SE> and a 20 percent hike for Saudi Hollandi Bank <1040.SE>, it said in separate regulatory filings on Sunday.
SABB, an affiliate of HSBC
It will issue a bonus share for every three existing shares owned by registered shareholders, bringing its total number of shares to 1 billion.
Meanwhile, Saudi Hollandi, which is partly owned by the Royal Bank of Scotland
The increase for both banks has to be carried out in the next six months, the Capital Markets Authority (CMA) said in statements posted on the stock exchange website.
A number of Saudi banks are seeking to increase their capital to help fund expansion plans.
Banque Saudi Fransi <1050.SE>, which is 31 percent owned by Credit Agricole
The Saudi banking sector is expected to post higher revenues in 2012, fuelled by higher loan growth and fee income and falling provisions for bad loans, NCB Capital said in a report in December.
($1 = 3.7502 Saudi riyals)
(Reporting by Asma Alsharif and Angus McDowall; Writing by Angus McDowall; Editing by David French)