9 Hrs
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الشرق
Ras Laffan Capital Recast
Nebras Energy announced the approval of a reduction in the issued and paid-up capital of Ras Laffan Power Company from $136.25 million to $3 million. The reduction will be carried out by cancelling shares and gradually returning funds to shareholders over the remaining term of the power purchase agreement with KAHRAMAA. The company said its current capital exceeds its operational requirements and that no adverse impact on Nebras Energy’s financial statements is expected. Legal procedures will be completed, and any material developments will be disclosed.
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