Serra Board recommends that the capital be reduced to 2.74 billion riyals

The Sera Holding Group Board recommended yesterday to reduce the company’s capital from 3 billion riyals to 2.740 billion riyals, or 8.65%. By canceling about 25.951 million ordinary shares of treasury shares, including (2,034,737) ordinary shares of total treasury shares designated for the employee shares program, with a total reduction rate equal to 8.65% of the company’s capital before the reduction, and the rate of cancellation of 8.65 per 100 shares of the company. On its financial, operational and organizational obligations.

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