Anaam submits capital cut request to CMA

01/12/2019 Argaam

 

Anaam International Holding Group submitted on Dec. 1 a request to the Capital Market Authority (CMA) to cut its capital by 92.35%, the company said in a statement to Tadawul.

 

The related developments will be announced later on, the statement added.

 

In late November, Anaam’s board of directors recommended a 92.35% capital cut to SAR 15 million from SAR 196 million, Argaam reported.

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