The proposed capital reduction aims to offset SAR 103.37 million in accumulated losses.
Al Kathiri Holding Co. said shareholders will, on Nov. 16, 2026, discuss the board’s recommendation to reduce its capital by 91.46% to SAR 9.65 million from SAR 113.02 million, as detailed below: 
Capital Reduction Details
Current Capital
SAR 113.02 mln
Current Number of Shares
226.04 mln
New Capital
SAR 9.65 mln
Number of Shares
19.30 mln
Reduction (%)
91.46%
Reduction Method
Cancellation of 206.74 mln shares, (0.915 shares for every share held)
Reason for Reduction
Restructuring the company’s capital to offset accumulated losses of SAR 103.37 mln
Reduction Date
Nov. 16, 2026, for shareholders of record and those registered with Edaa at the end of the second trading day following the EGM date
In a statement to Tadawul, the company said the capital reduction will have no impact on its financial obligations, operations, or financial, operational, or regulatory performance.
The company added that shareholders will also vote on amending Article 7 of its bylaws, related to capital, and Article 8, concerning share subscription.
According to data compiled by Argaam, Al Kathiri Holding’s board recommended in July reducing the company’s capital by 61.27% to SAR 43.78 million from SAR 113.02 million to restructure its capital and offset accumulated losses.
In September, the board revised its recommendation to a 91.5% capital reduction following an increase in accumulated losses to SAR 103.37 million.
The proposed capital reduction aims to offset SAR 103.37 million in accumulated losses.
Al Kathiri Holding Co. said shareholders will, on Nov. 16, 2026, discuss the board’s recommendation to reduce its capital by 91.46% to SAR 9.65 million from SAR 113.02 million, as detailed below:
Capital Reduction Details
Current Capital
SAR 113.02 mln
Current Number of Shares
226.04 mln
New Capital
SAR 9.65 mln
Number of Shares
19.30 mln
Reduction (%)
91.46%
Reduction Method
Cancellation of 206.74 mln shares, (0.915 shares for every share held)
Reason for Reduction
Restructuring the company’s capital to offset accumulated losses of SAR 103.37 mln
Reduction Date
Nov. 16, 2026, for shareholders of record and those registered with Edaa at the end of the second trading day following the EGM date
In a statement to Tadawul, the company said the capital reduction will have no impact on its financial obligations, operations, or financial, operational, or regulatory performance.
The company added that shareholders will also vote on amending Article 7 of its bylaws, related to capital, and Article 8, concerning share subscription.
According to data compiled by Argaam, Al Kathiri Holding’s board recommended in July reducing the company’s capital by 61.27% to SAR 43.78 million from SAR 113.02 million to restructure its capital and offset accumulated losses.
In September, the board revised its recommendation to a 91.5% capital reduction following an increase in accumulated losses to SAR 103.37 million.
