‎AYYAN board withdraws capital cut recommendation

‎AYYAN board withdraws capital cut recommendation ‎AYYAN board withdraws capital cut recommendation

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Logo ofAYYAN Investment Co.

AYYAN Investment Co.’s board of directors withdrew on Nov. 3 a previous recommendation to reduce the company’s capital by 24.72%, according to a statement to Tadawul.

The board also decided to withdraw the capital reduction application from the Capital Market Authority (CMA) for further review in light of market conditions, and to allow the company sufficient time to consider the decision.

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According to Argaam data, AYYAN recorded losses of SAR 164.9 million in 9M 2026, compared with a profit of SAR 469.3 million in the year-earlier period.

Accumulated losses reached SAR 276.44 million by the end of the period, representing 27.47% of capital.

The board previously recommended reducing the company’s capital from SAR 1.01 billion to SAR 757.6 million, or by 24.72%, to restructure its capital by writing off accumulated losses and making an additional reduction to bring capital in line with the company’s needs.

In August, the company submitted an application to the CMA seeking approval for the capital reduction.

 

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Logo ofAYYAN Investment Co.

AYYAN Investment Co.’s board of directors withdrew on Nov. 3 a previous recommendation to reduce the company’s capital by 24.72%, according to a statement to Tadawul.

The board also decided to withdraw the capital reduction application from the Capital Market Authority (CMA) for further review in light of market conditions, and to allow the company sufficient time to consider the decision.

According to Argaam data, AYYAN recorded losses of SAR 164.9 million in 9M 2026, compared with a profit of SAR 469.3 million in the year-earlier period.

Accumulated losses reached SAR 276.44 million by the end of the period, representing 27.47% of capital.

The board previously recommended reducing the company’s capital from SAR 1.01 billion to SAR 757.6 million, or by 24.72%, to restructure its capital by writing off accumulated losses and making an additional reduction to bring capital in line with the company’s needs.

In August, the company submitted an application to the CMA seeking approval for the capital reduction.

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