AlBaha names financial adviser for capital cut

15/03/2017 Argaam

AlBaha Investment and Development Co. on Wednesday picked Aldukheil Financial Group (AFG) as financial advisor for its capital cut, the company said in a statement.

 

The capital reduction process is subject to regulatory approvals.

 

Last month, the firm’s board of directors recommended a 40 percent capital reduction to SAR 177 million, by cancelling 11.8 million shares to offset accumulated losses, data compiled by Argaam showed. 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.