Fitaihi Holding Group submitted today, March 30, 2021, a request to the Capital Market Authority (CMA) to reduce its capital by 50%, the company said in a bourse statement.
The Saudi-listed firm will announce any relevant developments in due course.
Earlier this month, the company's board of directors recommended a 50% capital cut from SAR 550 million to SAR 275 million on having a capital surplus, Argaam reported.
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