SIIG appoints Yaqeen Capital as financial advisor for capital cut

09/01/2025 Argaam
A SIIG factory

A SIIG factory

Saudi Industrial Investment Group (SIIG) appointed Yaqeen Capital as the financial advisor to manage the company’s capital reduction process and carry out all the related procedures.

 

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The firm will announce the details of submitting the capital decrease application to the Capital Market Authority (CMA), along with any future developments.

 

In December 2024, the board of directors recommended reducing the company’s excess capital by 10% to SAR 6.79 billion from SAR 7.54 billion, according to data compiled by Argaam.

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