AYYAN Investment Proposes 24.72% Capital Reduction to EGM
AYYAN 2140.SA | 0.00 |
On July 28, 2026, AYYAN Investment Co. announced that its Board of Directors, following a meeting held on July 27, 2026, has recommended to the Extraordinary General Assembly (EGM) a capital reduction of 24.72%, decreasing the company's capital from SAR 1,006,363,280 to SAR 757,595,980, with the number of shares reduced from 100,636,328 to 75,759,598. The reduction will be executed in two tranches: SAR 198,767,300 via the cancellation of 19,876,730 shares to offset accumulated losses, and an additional SAR 50,000,000 via the cancellation of 5,000,000 shares in excess of the company's needs, with the latter amount to be returned to shareholders. Alinma Capital Company has been appointed as financial advisor for the process, which remains subject to approval by the Capital Market Authority, relevant regulatory authorities, and the EGM.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97017&anCat=1&cs=2140&locale=arImportant 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.
