Credit Suisse (CSGN.S) on Monday said qualified investors have committed to buying 462 million new shares at a purchase price of 3.82 Swiss francs ($3.83), as it announced details of its capital hike.

The fund raising is part of the embattled bank’s restructuring plans it announced last week to tackle the biggest crisis in the company’s history.

The price represented 94% of the volume weighted average price of Credit Suisse shares on Oct. 27 and 28, and will raise gross proceeds of 1.76 billion Swiss francs.

Some 307.6 million of the new shares are expected to be bought by Saudi National Bank (1180.SE), giving it a 9.9% stake in Credit Suisse, the Swiss lender said.

Existing investors meanwhile will get the chance to buy 889 million shares being offered at a price of 2.52 francs per share, with subscription rights corresponding to the size of their present stake.

It is expected that seven pre-emptive subscription rights will entitle their holder to purchase two new shares at a 32% discount on the reference price, Credit Suisse said.

The gross proceeds of both capital increases is expected to be about 4 billion francs, the bank said.