Riyadh – Mubasher: The Securities Depository Center Company announced applying the capital reduction of Al Inma Tokio Marine Co's shares as of Monday.
On Wednesday, the extraordinary general meeting (EGM) of the company approved decreasing the capital by 33.3% to SAR 300 million from SAR 450 million.
The reason behind the cut is the restructure of the company’s capital, growth support, and the offset of losses, according to a bourse filing.
