Seera Group Holdingheadquarters
Seera Holding Group’sshareholders will vote on several items including the board’s recommendation to cut capital by 8.65% from SAR 3 billion to SAR 2.74 billion, due to surplus capital, during an extraordinary general assembly meeting (EGM), to be held on June 2, according to a statement toTadawul. 
Capital Cut Details
Current Capital
SAR 3 bln
CurrentNumber 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, at 8.65 shares for every 100 shares, representing 8.65% of the group’s pre-reduction capital
Reason
Excess capital beyond requirements
Date of Capital Reduction
By the end of the second trading day following the EGMthat will decide on the capital cut
Seera Group Holdingheadquarters
Seera Holding Group’sshareholders will vote on several items including the board’s recommendation to cut capital by 8.65% from SAR 3 billion to SAR 2.74 billion, due to surplus capital, during an extraordinary general assembly meeting (EGM), to be held on June 2, according to a statement toTadawul.
Capital Cut Details
Current Capital
SAR 3 bln
CurrentNumber 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, at 8.65 shares for every 100 shares, representing 8.65% of the group’s pre-reduction capital
Reason
Excess capital beyond requirements
Date of Capital Reduction
By the end of the second trading day following the EGMthat will decide on the capital cut
