Al-Kathiri urges 61.27% capital reduction to cover losses
Al-Kalthia Holding Company announced that its Board of Directors has recommended a reduction of its capital by 61.27% to offset accumulated losses, decreasing from 113.02 million SAR to 43.78 million SAR. This will be achieved by canceling 138.49 million shares, with no significant impact on the company's commitments or financial performance. The approval of official authorities and the Extraordinary General Assembly is required for this reduction.
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