Logo ofAl Kathiri Holding Co.
Al Kathiri Holding Co. filed today, Sept. 27, for the approval of the Capital Market Authority (CMA) on its capital reduction request, according to a statement toTadawul. 
The company said its capital would be reduced from SAR 113.02 million to SAR 9.65 million through the cancellation of 206.74 million ordinary shares worth SAR 103.37 million, to restructure its share capital and offset accumulated losses.
The capital reduction is subject to applicable regulatory approvals, including approval by the company’s extraordinary general meeting (EGM). The company will announce any further developments as they become available, it added.
According to Argaam data, Al Kathiri’s board recommended in July reducing the company’s capital by 61.27%, from SAR 113.02 million to SAR 43.78 million, to restructure its capital and offset accumulated losses.
On Sept. 6, the board decided to amend its recommendation on the capital reduction following an increase in total accumulated losses based on preliminary financial results for H1 2026.
Capital ReductionHighlights
Current Capital
SAR113.02mln
No.of Shares
226.04mln
No. Capital
SAR 9.65 mln
New No.of Shares
19.30 mlnshares
Percentage of Reduction
91.46%
Method
Cancellation of 206.74 mlncompany shares, with 0.915 shares to be canceled for each share held
Reason
Restructuring the company’s capital to offset accumulated losses
Date of Reduction
The end of the second trading day following the EGM at which the capital reduction is approved
Logo ofAl Kathiri Holding Co.
Al Kathiri Holding Co. filed today, Sept. 27, for the approval of the Capital Market Authority (CMA) on its capital reduction request, according to a statement toTadawul.
The company said its capital would be reduced from SAR 113.02 million to SAR 9.65 million through the cancellation of 206.74 million ordinary shares worth SAR 103.37 million, to restructure its share capital and offset accumulated losses.
The capital reduction is subject to applicable regulatory approvals, including approval by the company’s extraordinary general meeting (EGM). The company will announce any further developments as they become available, it added.
According to Argaam data, Al Kathiri’s board recommended in July reducing the company’s capital by 61.27%, from SAR 113.02 million to SAR 43.78 million, to restructure its capital and offset accumulated losses.
On Sept. 6, the board decided to amend its recommendation on the capital reduction following an increase in total accumulated losses based on preliminary financial results for H1 2026.
Capital ReductionHighlights
Current Capital
SAR113.02mln
No.of Shares
226.04mln
No. Capital
SAR 9.65 mln
New No.of Shares
19.30 mlnshares
Percentage of Reduction
91.46%
Method
Cancellation of 206.74 mlncompany shares, with 0.915 shares to be canceled for each share held
Reason
Restructuring the company’s capital to offset accumulated losses
Date of Reduction
The end of the second trading day following the EGM at which the capital reduction is approved
