On July 2, 2026, Al Kathiri Holding Company announced its Board of Directors' recommendation, made at a board meeting held on July 1, 2026, to reduce the company's capital by 61.27% from SAR 113,022,000 to SAR 43,777,776, with the number of shares decreasing from 226,044,000 to 87,555,552 through the cancellation of 138,488,448 shares (0.613 share per share held). The capital reduction aims to restructure the company's capital and offset accumulated losses, with no material impact expected on the company's obligations, operations, or financial performance. The recommendation remains subject to approval from the Capital Market Authority, relevant regulatory authorities, and the Extraordinary General Assembly, with the company to announce the appointment of a financial advisor and submission of the capital reduction application to the CMA in due course.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.