The proposed capital reduction aims to offset accumulated losses of SAR 103.37 million
Al Kathiri Holding Co. said its board of directors on Sept. 10 appointed Estidamah Capital as the company’s financial adviser for its capital reduction. 
Estidamah Capital is expected to carry out all related regulatory procedures, according to a statement to Tadawul.
The company said it will make a further announcement upon submitting the capital reduction application to the Capital Market Authority (CMA) and will disclose any related material developments in due course, in accordance with the relevant laws and regulations.
Al Kathiri board lately decided to amend the capital cut recommendation, following an increase in total accumulated losses as per the preliminary financial results for the period ended June 30, 2026, data compiled by Argaam showed.
The board proposed reducing the company’s capital by 91.46% to SAR 9.65 million from SAR 113.02 million as part of a capital restructuring aimed at offsetting accumulated losses.
The group’s accumulated losses stood at SAR 103.37 million as of June 30, 2026, representing 91.46% of the company’s SAR 113.02 million capital.
The proposed capital reduction aims to offset accumulated losses of SAR 103.37 million
Al Kathiri Holding Co. said its board of directors on Sept. 10 appointed Estidamah Capital as the company’s financial adviser for its capital reduction.
Estidamah Capital is expected to carry out all related regulatory procedures, according to a statement to Tadawul.
The company said it will make a further announcement upon submitting the capital reduction application to the Capital Market Authority (CMA) and will disclose any related material developments in due course, in accordance with the relevant laws and regulations.
Al Kathiri board lately decided to amend the capital cut recommendation, following an increase in total accumulated losses as per the preliminary financial results for the period ended June 30, 2026, data compiled by Argaam showed.
The board proposed reducing the company’s capital by 91.46% to SAR 9.65 million from SAR 113.02 million as part of a capital restructuring aimed at offsetting accumulated losses.
The group’s accumulated losses stood at SAR 103.37 million as of June 30, 2026, representing 91.46% of the company’s SAR 113.02 million capital.
