Riyadh - Mubasher: Al Ahlia Cooperative Insurance said that it will hold its ordinary general meeting (OGM) on Monday 19 December to discuss reducing its capital by 50% through the termination of 16 million shares.
According to the company’s statement to the Saudi Stock Exchange (Tadawul) on Thursday, the capital will be decreased from SAR 320 million to SAR 160 million.
The capital reduction doesn’t affect the company’s liabilities, but it comes in line with the new system, Al Ahlia explained in its statement.
