On August 17, 2026, AYYAN Investment Co. released an addendum announcement providing additional details regarding its Board of Directors' previously announced recommendation (originally posted on July 28, 2026) to reduce the company's share capital. Under the First Item, the share capital will be reduced from SAR 1,006,363,280 to SAR 807,595,980, with shares decreasing from 100,636,328 to 80,759,598 (a 19.75% reduction via cancellation of 19,876,730 shares) to offset accumulated losses, with 0.1975104854779680 share cancelled per share held. Under the Second Item, subject to shareholder approval of the First Item, the capital will be further reduced from SAR 807,595,980 to SAR 757,595,980, with shares decreasing from 80,759,598 to 75,759,598 (a 6.19% reduction via cancellation of 5,000,000 shares, at 0.06191214572415280 share per share held), with the excess capital to be returned to shareholders.

Original announcement:

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