7 Hrs
Source:
الاقتصادية
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Source: الاقتصادية
7 Hrsالاقتصادية
Source: الاقتصادية
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Tadawul-listed Takween Advanced Industries has submitted a request to the Capital Market Authority to reduce its capital by 81.64%, from SAR 764.6 million to SAR 140.4 million, to write off its accumulated losses. The move involves cancelling 62.42 million shares worth SAR 624.25 million—equivalent to 0.8164 shares for each share held. Accumulated losses stood at SAR 624.25 million at the end of the third quarter. The reduction remains subject to approval by the relevant authorities and the extraordinary general assembly.
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