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Osool & Bakheet Investment's Investee Board OKs Capital Reduction, Increase

MT Newswires·07/26/2026 05:30:24
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05:30 AM EDT, 07/26/2026 (MT Newswires) -- The board of Osool & Bakheet Investment's (SASE:9586) investee company, Creative Future for Digital Brokerage, cleared its capital decrease and increase plans. For the capital decrease, the investment management company's 59.66%-owned investee will cancel 212,500 shares to reduce its capital to 25 million Saudi riyals, according to a Sunday release. Subsequently, the investee company plans to boost its capital to 33 million riyals via the issue of 800,000 shares through debt capitalization and a subscription. The capital increase aims to strengthen Creative Future for Digital Brokerage's financial position, while supporting operations.