A SIIG factory
Saudi Industrial Investment Group (SIIG) filed on Feb. 12 for the approval of the Capital Market Authority (CMA) on its capital reduction request, according to the statement to Tadawul.
The capital cut is subject to the approval of regulatory authorities and the company’s shareholders.
Data compiled with Argaam showed that the company’s board of directors recommended inDecember2024 a 10% capital cut from SAR 7.5 billiontoSAR 6.7 billion, as it exceeds the company’s needs.
A SIIG factory
Saudi Industrial Investment Group (SIIG) filed on Feb. 12 for the approval of the Capital Market Authority (CMA) on its capital reduction request, according to the statement to Tadawul.
The capital cut is subject to the approval of regulatory authorities and the company’s shareholders.
Data compiled with Argaam showed that the company’s board of directors recommended inDecember2024 a 10% capital cut from SAR 7.5 billiontoSAR 6.7 billion, as it exceeds the company’s needs.
