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AYAN advises capital reduction to cover losses
Ayan Investment Company has decided to reduce its capital by 24.72%, amounting to 248.41 million riyals, in order to address accumulated losses and improve financial performance. The reduction will be carried out by canceling approximately 19.87 million shares to offset losses, in addition to canceling 5 million shares to increase the capital, with the amounts being refunded to shareholders. The move aims to enhance the company's flexibility and improve financial indicators without significantly impacting its operational activities. It requires the necessary approvals from the relevant authorities and shareholders.
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