Riyadh – Mubasher: Saudi Cable Company resubmitted its capital reduction request to the Capital Market Authority (CMA) on Wednesday.
The company noted that it will announce any future developments in due time, according to a bourse filing on Thursday.
Earlier, the company’s board had decided to decrease the capital to SAR 404.1 million from SAR 760 million, through reducing one share per 2.14 shares.
In April, Saudi Cable had appointed NCB Capital as the financial advisor to manage its capital reduction.
