Al-Kathiri names Sustainability Capital as financial advisor

Al Kathiri Holding Company has announced the appointment of Business Sustainability Financial Company (Sustainable Capital) as its financial advisor to oversee the capital reduction process. This step aims to offset accumulated losses and improve the company's financial position. The measure comes in response to the Board of Directors' recommendation and includes preparing the necessary studies and ensuring compliance with Saudi regulations. The advisory firm will also coordinate procedures with regulatory authorities and prepare the application file for the Capital Market Authority, in preparation for presenting it to the extraordinary general assembly of shareholders for approval of the reduction. This represents a fundamental step toward restructuring the company's financial situation and strengthening its future capabilities.

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