Riyadh – Mubasher: The extraordinary general meeting (EGM) of Al Inma Tokio Marine Co on Thursday approved reducing the company’s capital by 33.3% to SAR 300 million from SAR 450 million.
The reason for this decision is to restructure the company’s capital and support growth, according to the company’s on the Saudi Stock Exchange (Tadawul).
There is no financial impact from the capital reduction, the statement added.
The EGM also approved the board's and auditors’ reports for 2016, in addition to the absolving the board of directors for that period.
