Fitaihi submits capital cut request to CMA

30/03/2021 Argaam

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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