Logo ofSeera Holding Group
Shareholders of Seera Holding Group approved an 8.65% capital reduction to SAR 2.74 billion from SAR 3 billion due to excess capital during an extraordinary general meeting held on June 2, the company said in a statement to Tadawul. 
Capital Cut Details
Current Capital
SAR 3 bln
CurrentNo. of Shares
300 mln
New Capital
SAR 2.74 bln
New Number of Shares
274 mln
Percentage Decrease
8.65%
Method
To cancel 25.95 million treasury shares, including 2.03 million shares allocated to the employee share program
Reason
Excess capital beyond requirements
Date of Capital Reduction
Effective as of the EGMapproval
Seera said the capital reduction will have no impact on its financial obligations.
Shareholders also approved the remaining items on the meeting’s agenda.
Logo ofSeera Holding Group
Shareholders of Seera Holding Group approved an 8.65% capital reduction to SAR 2.74 billion from SAR 3 billion due to excess capital during an extraordinary general meeting held on June 2, the company said in a statement to Tadawul.
Capital Cut Details
Current Capital
SAR 3 bln
CurrentNo. of Shares
300 mln
New Capital
SAR 2.74 bln
New Number of Shares
274 mln
Percentage Decrease
8.65%
Method
To cancel 25.95 million treasury shares, including 2.03 million shares allocated to the employee share program
Reason
Excess capital beyond requirements
Date of Capital Reduction
Effective as of the EGMapproval
Seera said the capital reduction will have no impact on its financial obligations.
Shareholders also approved the remaining items on the meeting’s agenda.
