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Naeem Holding for Investments to Reduce Share Capital

MT Newswires·09/16/2026 10:32:26
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10:32 AM EDT, 09/16/2026 (MT Newswires) -- Naeem Holding for Investments' (DFM:NAHO) share capital will be reduced to $139.6 million from $245.3 million, effective Thursday, following regulatory approval. The Dubai-listed investment banking group's capital reduction, which aimed to offset losses from 2025, was carried out through the cancellation of a total of 1,350,000 treasury shares and trimming the nominal value of each share to $0.40 from $0.70, according to a Wednesday filing. Naeem noted that there will be no change to the number of shares held by each shareholder and that there will be no adjustment to the share price.