Alinma Tokio Marine Co. has appointed the Saudi Kuwaiti Finance House, a 100 percent-owned subsidiary of the Kuwait Finance House (KFH), as financial advisor forits capital reduction program, the company said in a statement to Tadawul on Monday.
The company’s board of directors recently proposed a 33.33 percent capital cut to SAR 300 million from SAR 450 million through cancelling one for every three existing shares.
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