AlBaha submits capital cut request to CMA

21/03/2017 Argaam

AlBaha Investment and Development Co. has submitted a request to reduce capital to the kingdom’s market regulator, the Capital Market Authority (CMA), the company said in a statement on Tuesday.

 

In February, the company’s board of directors recommended a 40 percent capital reduction to SAR 177 million from SAR 295 million, by cancelling four shares for every ten outstanding shares. 

 

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.