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Asol and Bakhit restructure invested firm
The Asset and Bukhait Investment Company announced the restructuring of the capital of Mustaqbal Al Ibtikhad for Digital Brokerage, in which it holds a 59.66% stake. The process involved reducing the capital from 27.13 million riyals to 25 million riyals by canceling unpaid shares, followed by an increase in capital to 33 million riyals, representing a 32% increase. This was achieved through capitalizing part of the company’s debt and offering an subscription to other shareholders. The step aims to strengthen the company’s financial position and support its future plans to ensure sustainable growth and operational efficiency in the digital brokerage sector. The final financial impact remains subject to the completion of statutory procedures and approvals.
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