Al Akaria subsidiary reduces capital to SAR 34 mln

03/07/2022 Argaam

Logo of Saudi Real Estate Co. (Al Akaria)

Saudi Real Estate Co. (Al Akaria) announced that the extraordinary general meeting (EGM) of its wholly-owned subsidiary Saudi Real Estate Construction Co. (Tamear) approved, on June 30, reducing capital from SAR 100 million to SAR 34 million, divided into 3.4 million nominal shares, at SAR 10 each.

 

The reduction does not impact the company's business or obligations, Al Akaria said in a bourse statement.

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