The bank will sell 300 million shares to Saudi individual investors and 200 million shares to the state-run Public Pension Agency at a price of SAR45 per share.
The Ministry said that Nabeel Rajab was summoned for questioning on Wednesday “regarding tweets posted on his Twitter account that denigrated government institutions”.
The move comes amid calls from some within the OPEC for action to shore up prices, as international benchmark Brent crude oil has slumped to a two-year low.
The introduction of debt listing and trading is expected to expand the exchange’s activities and make it easier for local companies to sell debt instruments.
The Portuguese financial group’s problems have been escalating since accounting irregularities were identified at one of its holdings earlier this year.
The policeman was shot and wounded by unknown assailants while stationed at a checkpoint at the entrance to the town of al-Awamiya late on Monday night.
Rashad Ali al-Musafir, the bank’s chief financial officer, would replace Kalmoor as acting CEO for an interim period, the bank said in a bourse filing.