Saudi Fisheries submits capital cut request to CMA

21/02/2017 Argaam

Saudi Fisheries Co. on Tuesday submitted its application to reduce capital to the Capital Market Authority (CMA), the company said in a statement to Tadawul.

 

The company’s board of directors in October recommended a 62.64 percent capital reduction to SAR 200 million from around SAR 535 million through writing down 33.54 million outstanding shares, Argaam previously reported.

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