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Saudi Regulator OKs Keir International's Proposed Capital Reduction

MT Newswires·11/11/2026 09:45:35
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09:45 AM EST, 11/11/2026 (MT Newswires) -- Saudi Arabia's Capital Market Authority approved Keir International's (SASE:9542) proposed capital reduction, according to a Wednesday notice. The telecommunications and electrical technologies services group's capital will be reduced to 33,577,847 shares worth 33.6 million Saudi riyals from 120 million shares valued at 120 million riyals. The proposal is still subject to approval at the company's extraordinary general assembly and completion of the necessary regulatory processes.