Keir appoints Estidamah Capital as financial advisor to study capital reduction

Logo of Keir International Co. 

Keir International Co. said it appointed Estidamah Capital as financial advisor, effective July 29, 2026, to conduct the necessary studies and provide recommendations regarding a potential reduction in the company’s capital, following the board’s recommendation on capital restructuring.

Estidamah Capital will conduct the necessary studies and procedures related to the capital reduction and provide appropriate recommendations to support and strengthen the company’s financial position, the company said in a Tadawul statement.

The appointment of the financial advisor has no material financial impact at present, the statement said. The final financial impact of the potential capital reduction will be determined after the release of its H1 2026 financial results and disclosed when available.

Keir will take the necessary regulatory steps, including under the Companies Law, Capital Market Authority regulations and listing rules, and will announce any material developments, including the study results and details of the capital reduction, subject to obtaining the required approvals.

According to data with Argaam, Keir’s board recommended restructuring the company’s capital to address accumulated losses, including a potential capital reduction to write off the losses followed by a capital increase, or pursuing any other legally permissible alternative that achieves the same objective.

The company reported a loss of SAR 45.8 million in 2025, versus a profit of SAR 459,400 in 2024. Accumulated losses stood at SAR 148.43 million, representing 123.7% of its capital, by the end of 2025.