AYYAN board proposes 24.72% capital cut

Logo of AYYAN Investment Co.

AYYAN Investment Co. said its board of directors recommended reducing capital by 24.72% from SAR 1.01 billion to SAR 757.6 million to restructure capital.

This aims to offset accumulated losses and execute an additional reduction to adjust excess capital beyond the company's operational needs, according to a statement to Tadawul. 

The company emphasized that the capital reduction will have no negative impact on its financial obligations, operations, financial performance, or regulatory status.

The recommendation remains subject to obtaining the approvals of the Capital Market Authority (CMA), the relevant regulatory authorities, and the extraordinary general assembly (EGM).

Alinma Capital has been appointed as the financial advisor for the capital reduction process. An announcement will also be made upon submitting the company’s capital reduction application file to the CMA for approval, the statement indicated.

According to Argaam data, AYYAN recorded losses of SAR 87.2 million during H1 2026, compared to a profit of SAR 385.2 million during the same period in 2025.

Accumulated losses at the end of H1 2026 stood at SAR 198.77 million, representing 19.75% of the company's capital.