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Sira shareholders approve capital cut
SAEWA Group Holding announced that the Board of Directors has decided to reduce capital from 3 billion riyals to 2.74 billion riyals by canceling 25.951 million treasury shares, including shares allocated for the employee stock program. This reduction reflects an excess of capital over the company's needs and will become effective after approval by the Extraordinary General Assembly, without affecting the company's obligations.
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