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الاقتصادية
Saudi Ceramics cuts capital to 45M Riyals
The Saudi Ceramic Pipe Manufacturing Company "Al-Fakhariya" intends to reduce its capital from 150 million SAR to 45.43 million SAR by canceling 10.46 million shares valued at 104.57 million SAR, aiming to offset accumulated losses as part of its restructuring plan. This follows the Board of Directors' recommendation in July. The request is currently submitted to the Capital Market Authority and is subject to regulatory approvals, including the approval of the extraordinary general assembly. The company will announce any future developments as they become available.
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