{
  "id": 16025083,
  "title": "Al Kathiri Holding Gets CMA Nod for 91% Capital Cut",
  "url": "https://urgent.news/2026/10/22/al-kathiri-holding-gets-cma-nod-for-91-capital-cut",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-22T08:27:37.000Z",
  "source": {
    "name": "The Saudi Standard",
    "slug": "the-saudi-standard",
    "url": "https://saudistandard.com/2026/10/22/al-kathiri-holding-cma-approval-91-percent-capital-reduction/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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%…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}