Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Anaam International Holding Group’s request to reduce capital from SAR 196 million to SAR 15 million.

The capital cut will reduce the number of shares from 19.6 million shares to 1.5 million shares, according to the company’s statement to the Saudi Stock Exchange (Tadawul).

Nonetheless, the approval is subject to the voting of the company’s extraordinary general assembly meeting (EGM) and completing the necessary procedures.