Riyadh – Mubasher: The extraordinary general meeting (EGM) of Qassim Agriculture will meet on 11 January to vote on the capital cut request.
The company's board recommended decreasing the company's capital 40% to SAR 300 million from SAR 500 million to offset accumulated losses.
Earlier, the company announced appointing Wasatah Capital Investments as a financial consultant to manage the capital decrease, after obtaining the required approvals.
On 1 December, the Saudi Capital Market Authority (CMA) approved Qassim Agriculture's request to reduce its capital.
