Al Kathiri Holding Gets CMA Nod for 91% Capital Cut
Riyadh, Saudi Arabia — Al Kathiri Holding Company received Capital Market Authority approval on 21 October 2026 to reduce its share capital by approximately 91.46%, slashing it from 113,022,000 SAR to just 9,649,705 SAR. The move aims to wipe out accumulated losses of 103,372,295 SAR recorded in the company’s financial statements as of 30 June […] The post Al Kathiri Holding Gets CMA Nod for 91%…
On 21 October 2026, the Saudi Arabian Capital Market Authority granted Al Kathiri Holding Company permission to cut its share capital by about 91.46%. This significant reduction transformed the company's capital base from SAR 113,022,000 to a mere SAR 9,649,705. The primary objective behind this reduction was to eliminate accumulated losses of SAR 103,372,295, which the company disclosed as of 30 June 2026.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
