Riyadh – Mubasher: Securities Depository Center Co (Edaa) has announced executing the capital increase and reduction of Al Baha Investment and Development Company, to be reflected in the shareholders accounts on Sunday.

The extraordinary general meeting (EGM) of Al Baha approved the capital increase and reduction on 2 May.

The capital hike will occur to acquire Al Marakiz Al Raqiyah Ltd, while the decrease will be used to offset accumulated losses, according to a bourse filing.