Ussoul and Bakhit Oversee Company Capital Restructuring
Osool Bakhit Investment Company announced the reorganization of the capital structure of Mustaqbal Al-Ibda'a for Digital Brokerage, in which it holds a 59.66% stake. The process involved reducing the capital from 27.13 million riyals to 25 million riyals by canceling 212,500 unpaid shares, followed by an increase back to 33 million riyals with a 32% increase. The capital increase was mainly financed through the capitalizing of a portion of the company's debt to Mustaqbal Al-Ibda'a, in addition to offering part of it for subscription to other shareholders. This step aims to improve the company's financial position, support its future plans, and enhance operational efficiency, pending final approvals from the relevant authorities.
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