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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