Keir International Board Proposes Capital Reduction

01:52 AM EDT, 09/21/2026 (MT Newswires) -- Keir International's (SASE:9542) board recommended decreasing its capital to 33.6 million Saudi riyals from 120 million riyals, according to a Sunday release. The telecommunications and electrical technologies services group said the reduction, which will be executed through the cancelation of 86,422,153 shares, is subject to requirements, such as regulatory and shareholder approvals. The proposal is intended to write off the company's accumulated losses totaling 86.4 million riyals.