SAIC
2120
-15.87%
36.85
-6.95
2120
Riyadh – Mubasher: The Saudi Advanced Industries Co (SAIC) redeemed SAR 40 million after its unit Obeikan Glass’ extraordinary general meeting (EGM) approved reducing capital.
The subsidiary’s capital decreased to SAR 200 million from SAR 300 million.
Obeikan Glass is a 40%-owned unit of SAIC.
The capital cut’s impact cannot be specified at present, SAIC stated in a bourse filing.
Source:
Mubasher