Market Authority approves Saudi Fish's request to reduce its capital from 200 million to 101 million riyals

Market Authority approves Saudi Fish's request to reduce its capital from 200 million to 101 million riyals

The Capital Market Authority (CMA) announced its decision to approve the Saudi Fisheries Company's request to reduce its capital from SR 200,000,000 to SR101,100,000 and thus reduce the number of shares from 20,000,000 shares to 10,110,000 shares. This approval is subject to the approval of the extraordinary General Assembly of the Company and the completion of the relevant regulatory procedures and requirements.

The Company will publish a report prepared by it containing the proposed method of capital reduction and the expected effects of such reduction before the Extraordinary General Assembly is held in sufficient time for shareholders to vote on the capital reduction decision.

Leave a comment

Send a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.