Saudi Printing board considers 89.5 percent capital cut
The board of Saudi Printing is considering an 89.42 percent reduction in share capital. The move is intended to offset SAR 583.09 million in accumulated losses.
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1 source grouped by AFBytes in Economy
AFBytes briefing
A large capital reduction at a listed Saudi firm can affect investor holdings and local market liquidity in the Gulf financial system.
What to watch next
- Watch the next shareholder meeting vote and subsequent financial statements for confirmation of the reduction.