SIIG says creditor objection period for capital reduction ends

11/05/2025 Argaam
A SIIG factory

A SIIG factory

Saudi Industrial Investment Group (SIIG) announced the end of the creditor objection period for its capital reduction on May 8.

 

In a statement to Tadawul, the company said it didn’t receive any objections from its creditors during this period.

 

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According to data available with Argaam, SIIG announced that the creditor objection period for the planned capital reduction started last March.

 

In November 2024, the company’s board of directors recommended cutting capital by 10% to SAR 6.79 billion from SAR 7.54 billion as SIIG has excess capital.

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