Sign In
×The board of directors of Alinma Tokio Marine Co. has recommended a 33.33 percent capital cut from SAR 450 million to SAR 300 million through cancelling 15 million shares to offset the company’s accumulated losses, the company said in a statement to Tadawul.
The capital cut decision is unlikely to have relevant financial impact. The proposal is subject to the approval of the company’s general meeting.
|
Capital reduction details |
|
|
Current Capital |
SAR 450 million |
|
Number of shares |
45 million shares |
|
Capital cut percent |
33.33% (or 1-for-3 share) |
|
New capital |
SAR 300 mln |
|
New number of shares |
30 mln shares |
|
Method of capital cut |
Cancellation of 15 mln shares |
|
Reasons |
To offset accumulated losses |
Quotes
Alinma Tokio M
11.76
(0.10)
(0.84 %)
Comments {{Comments.length}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}