Riyadh – Mubasher: Al Baha Investment and Development Company appointed Aldukheil Financial Group as the financial advisor to manage its capital reduction.
The board members of Al Baha Investment and Development recommended a capital reduction by 40% to SAR 177 million from SAR 295 million.
The company posted a net profit of SAR 2,920 in January; the accumulated losses reached SAR 185.36 million, representing 123.6% of the SAR 150 million capital.
