|05 December, 2019

Saudi CMA approves Anaam Holding capital reduction request

The capital cut will reduce the number of shares from 19.6mln shares to 1.5mln shares

Saudi Capital Market Authority headquarters is seen in Riyadh, Saudi Arabia June 26, 2019. REUTERS/Nael Shyoukhi - RC1C5289E220 Image used for illustrator purpose

Saudi Capital Market Authority headquarters is seen in Riyadh, Saudi Arabia June 26, 2019. REUTERS/Nael Shyoukhi - RC1C5289E220 Image used for illustrator purpose

Nael Shyoukhi - RC1C5289E220

Riyadh – The Saudi Capital Market Authority (CMA) has approved Anaam International Holding Group’s request to reduce capital from SAR 196 million to SAR 15 million.

The capital cut will reduce the number of shares from 19.6 million shares to 1.5 million shares, according to the company’s statement to the Saudi Stock Exchange (Tadawul).

Nonetheless, the approval is subject to the voting of the company’s extraordinary general assembly meeting (EGM) and completing the necessary procedures.

Source: Mubasher

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