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Al Kathiri Holding Files for Capital Reduction

MT Newswires·09/28/2026 00:16:37
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12:16 AM EDT, 09/28/2026 (MT Newswires) -- Al Kathiri Holding (SASE:3008) applied with the Saudi Arabia's Capital Market Authority to reduce its capital to 9.6 million Saudi riyals from 113 million riyals. The Saudi Arabian holding company will carry out the process, which aims to restructure share capital and offset accumulated losses, by canceling 206,744,590 ordinary shares, according to a Sunday release. Al Kathiri noted that the capital reduction process remains subject to regulatory approvals, including its extraordinary general meeting.