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Takwīn suggests capital restructuring via reduction and 400M riyal increase
Takwineh Industries Company announced a plan to restructure its capital through two main processes, beginning with a reduction of 67.92% in share capital to eliminate accumulated losses, followed by a capital increase through a rights issue of 400 million riyals to strengthen the financial position and support liquidity. The reduction will be carried out by canceling approximately 52 million shares, aimed at improving the company's financial indicators. This will be followed by a capital increase to finance expansion strategies and repay bank obligations, subject to approval by regulatory authorities and the general assembly.
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