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Al Kathiri Holding Gets Regulatory Nod for Capital Reduction

MT Newswires·10/22/2026 00:15:16
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12:15 AM EDT, 10/22/2026 (MT Newswires) -- Al Kathiri Holding (SASE:3008) secured approval from Saudi Arabia's Capital Market Authority for its proposed capital reduction. The Saudi Arabian holding company plans to decrease its capital to 9.6 million Saudi riyals from 113 million riyals by reducing the number of shares to 19,299,410 shares from 226,044,000 shares, according to a Wednesday release. The process is subject to approval at an extraordinary general assembly approval and completion of required procedures.