The Capital Market Authority Approved AlBaha Investment & Development Company’s Request to Reduce its Capital
Tuesday, April 04, 2017 at 8:59 AM
Tue Apr 4, 2017 08:59
The CMA has issued its resolution approving AlBaha Investment & Development Company’s request to reduce its capital from SAR (295,000,000) to SAR (177,000,000), thus reducing the number of shares from (29,500,000) shares to (17,700,000) shares. This approval is conditional on the Company’s extraordinary general assembly approving the capital increase and completion of the necessary procedures in relation to the applicable regulations.