Al-Khodari appoints financial advisor for capital cut

21/01/2019 Argaam

Abdullah A. M. Al-Khodari Sons Co. appointed today GIB Capital as financial advisor for its capital reductions, the company said in a statement on Tadawul.

 

The firm’s board of directors recommended a 36 percent capital reduction to SAR 355.8 million from SAR 557.81 million to offset accumulated losses, Argaam previously reported.

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