 In 1999, the government of Saudi Arabia acquired a majority holding in the bank through the Ministry of Finance's Public Investment Fund (PIF).In an extraordinary general assembly meeting held on 21 March 2014, the shareholders approved to offer 25% of the bank's share capital (after capital increase) to the general public under the initial public offering (IPO) and to a minority shareholder of the bank.The IPO was made for 15% of the bank's share capital and an additional 10% was allocated to the Public Pension Agency.