Al-Kathiry selects Sustainability Capital as financial advisor
Al Kathiri Holding Company has announced the appointment of Business Sustainability Financial Company (Sustainable Capital) as the financial advisor to manage the company's capital reduction process. The goal is to offset accumulated losses and improve its financial position. This move is part of a comprehensive plan to strengthen the balance sheet and prepare for future growth. It includes conducting the necessary studies, ensuring compliance with all regulatory requirements, and submitting the final application to the Capital Market Authority for approvals. Shareholders will be notified of all developments. This step marks the beginning of implementing the capital reduction recommendation to ensure the company's continuity in accordance with regulatory standards.
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