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Anyan Reveals Capital Reduction Plan
Ayan Investment Company has announced a plan to reduce its capital through two methods, aimed at offsetting accumulated losses and improving its financial position. The first method involves decreasing the capital from 1.006 billion riyals to 807.6 million riyals by canceling approximately 19.87 million shares, representing about 19.75%. The second method entails an additional reduction from 807.6 million riyals to 757.6 million riyals through the cancellation of 5 million shares, approximately 6.19%, with corresponding amounts returned to shareholders. The implementation of the second phase depends on shareholders' approval of the first phase; if the general assembly does not agree, the second reduction plan will be canceled, and capital will remain unchanged.
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