SIIG files for CMA approval on capital reduction

13/02/2025 Argaam

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A SIIG factory

A SIIG factory

Saudi Industrial Investment Group (SIIG) filed on Feb. 12 for the approval of the Capital Market Authority (CMA) on its capital reduction request, according to the statement to Tadawul.
 
 
The capital cut is subject to the approval of regulatory authorities and the company’s shareholders.
 
Data compiled with Argaam showed that the company’s board of directors recommended in December 2024 a 10% capital cut from SAR 7.5 billion to SAR 6.7 billion, as it exceeds the company’s needs.  

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