Edaa applies capital reduction for SIIG

26/05/2025 Argaam
Logo ofSaudi Industrial Investment Group (SIIG)

Logo of Saudi Industrial Investment Group (SIIG)

The Securities Depository Center Co. (Edaa) reduced today, May 26,the number of Saudi Industrial Investment Group (SIIG) shares in the accounts of eligible shareholders.

 

 

According to Argaam data, SIIG shareholders recently approved a 10% capital reduction to SAR 6.8 billion from SAR 7.5 billion at an extraordinary general meeting (EGM), citing excess capital.

 

Shareholders will be compensated for the cancelled shares through a cash distribution of SAR 754.8 million, or SAR 10 per cancelled share.

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