Calculate the fluctuation rate for the share of the “Saudi Group” on the basis of the price of 14.84 riyals

The extraordinary general assembly of the Saudi Industrial Investment Group (Saudi Group) agreed yesterday to reduce the group’s capital.
Accordingly, the oscillation rate of the group’s share will be calculated on the basis of the price of 14.84 riyals, and the abolition of existing orders.
The trading of the group’s shares will be suspended, based on the inclusion rules for a period of two working days starting today, Thursday, 11/24/1446 AH corresponding to 05/25/25 AD, provided that the Securities Depository Center Company (Deposit) applies the group’s shares reduction in the investment shareholders portfolios, provided that the suspension of the shares of the Saudi Industrial Investment Group is raised at the end of the trading on Sunday 11/27/1446 AH corresponding to 05/25/25
The Board of Directors of the Saudi Industrial Investment Group has announced the results of the extraordinary general assembly meeting, which includes reducing the capital of the company (the first meeting), which was held yesterday.
According to the company’s statement on Saudi Arabia’s circulation, the results of the association meeting included:
– See the report of the Board of Directors and the financial statements for the fiscal year ending and discussing them.
– The auditor’s report for the fiscal year ending on December 31, 2024 was approved after its discussion.
– The association agreed to discharge the members of the Board of Directors for the fiscal year ending on December 31, 2024.
A reward for the members of the Board of Directors was spent 2.43 million riyals for the fiscal year 2024.
– The re -appointed Office of the Price Waterhouse Coopers was approved as the company’s account reference to review the financial statements for the following periods: the second, third, fourth and annual fiscal year 2025, all quarters of the fiscal year 2026, and the first quarter of the fiscal year 2027, with fees: 947,647 riyals.
– The association agreed to authorize the Board of Directors to distribute interim profits (semi -annual or quarterly) for the fiscal year 2025.
– The association agreed to reduce capital: the capital before the reduction is: 7,548,000,000 riyals (754,800,000 shares), while after the reduction: 6,793,200,000 riyals (679,320,000 shares).
The reduction rate was: 10% (cancellation of 1 shares per 10 shares), while the reason for the reduction is to increase the capital from the company’s need.
And it agreed to compensate the shareholders: by distributing 754,800,000 riyals, at 10 riyals for each canceled share.
She explained that the date of the implementation of the decision: the shares registered at the end of the second day of trading after the association must be held.
– Amending Article (7) for capital and Article (8) for writing shares has been approved.
– The association agreed to purchase the treasury shares, noting that the first purpose: benefiting from the decrease in the share price under its fair value, while the maximum purchase is: 100,000 shares, and the maximum period for retaining: 5 years.
It stated that the second purpose: allocating shares for the incentives of the employee incentives program, as the maximum purchase is: 1,000,000 shares, while the maximum period of retaining is 5 years.
– The association agreed to the employee incentives program using the shares, while authorizing the board of directors to make future amendments.