AI Summary
Logo of Seera Holding Group
The Capital Market Authority (CMA) announced its approval of Seera Holding Group’s planned capital reduction from SAR 3 billion to SAR 2.74 billion.
Consequently, the number of shares will be cut from 300 million to 274.05 million.
The approval is conditional on the extraordinary general meeting's (EGM) nod and completion of the necessary regulatory procedures.
Emaar EC will publish a disclosure document to its shareholders related to the proposed method of capital reduction and the expected effects within sufficient time prior to the EGM to enable shareholders to vote on the capital decrease.
The CMA said its approval of the capital reduction should never be viewed as an endorsement of the feasibility of the capital decrease, as it merely means that the regulatory requirements as per the Capital Market Law and its executive regulations have been met.
In September, Seera’s board of directors recommended reducing capital by 8.65% from SAR 3 billion to SAR 2.74 billion in June 2025.
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Capital Cut Details |
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Current Capital |
SAR 3 bln |
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Current Number of Shares |
300 mln |
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New Capital |
SAR 2.74 bln |
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New Number of Shares |
274 mln |
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Percentage Decrease |
53.83% |
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Reason |
Excess capital beyond requirements |
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Method |
To cancel 25.95 million treasury shares, including 2.03 million shares allocated to the employee share program, at 8.65 shares for every 100 shares, representing 8.65% of the group’s pre-reduction capital |
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Date of Capital Reduction |
By the end of the second trading day following the EGM that will decide on the capital cut |
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