The Saudi Group submitted a request to reduce capital to 6.8 billion riyals

Yesterday, the Saudi Industrial Investment Group submitted a file of capital reduction request to the Capital Market Authority.
On December 25, the company announced the recommendation of its board of directors to reduce its capital.
The request includes reducing the capital from 7.458 billion riyals to 6.793 billion riyals, by canceling 75.480 million shares, representing 745.8 million riyals, due to its increase in the company’s jagh.