Reduction will be limited to treasury shares: Seera
Seera Group Holding Co. submitted its application for a capital reduction to the Capital Market Authority (CMA). 
In a statement to Tadawul, the group said the reduction will apply only to the company’s treasury shares and will not affect shares owned by other shareholders.
It added that the capital reduction is subject to the approval of the relevant regulatory authorities and the company’s extraordinary general meeting (EGM).
The group affirmed that it will disclose any material developments in due course in accordance with applicable regulations.
According to data available with Argaam, the company’s board of directors recommended last June reducing the group’s capital by 8.65%, from SAR 3 billion to SAR 2.74 billion, as the current capital exceeds the company’s needs.
A total of 25.95 million ordinary treasury shares will be cancelled, including 2.03 million ordinary shares allocated to the employee share program.
Reduction will be limited to treasury shares: Seera
Seera Group Holding Co. submitted its application for a capital reduction to the Capital Market Authority (CMA).
In a statement to Tadawul, the group said the reduction will apply only to the company’s treasury shares and will not affect shares owned by other shareholders.
It added that the capital reduction is subject to the approval of the relevant regulatory authorities and the company’s extraordinary general meeting (EGM).
The group affirmed that it will disclose any material developments in due course in accordance with applicable regulations.
According to data available with Argaam, the company’s board of directors recommended last June reducing the group’s capital by 8.65%, from SAR 3 billion to SAR 2.74 billion, as the current capital exceeds the company’s needs.
A total of 25.95 million ordinary treasury shares will be cancelled, including 2.03 million ordinary shares allocated to the employee share program.
