14 Hrs
Source:
مباشر
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Naseej seeks capital cut
The Board of Directors of Al-Naseej International Trading Company has recommended reducing the company’s capital by 49.48%, from SAR 272.43 million to SAR 137.62 million, to fully offset accumulated losses of SAR 134.81 million. The reduction would be implemented by lowering the nominal value of each share from SAR 10 to approximately SAR 5.052, while keeping the number of shares unchanged at 27.24 million. The recommendation will be presented to the Extraordinary General Assembly, subject to completion of the required regulatory approvals.
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