Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Cable Company will meet 4 June to discuss the board’s recommendation to decrease the capital by 46.83%.
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.
On 8 May, the Saudi Capital Market Authority (CMA) had approved the capital cut request of the company.
