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AYYAN Investment Co. Announces Board's Recommendation to Decrease the Company's Capital
| Element List | Explanation |
|---|---|
| Introduction | AYYAN Investment Co. announces that the Board of Directors has recommended to the Extraordinary General Assembly (EGM) the reduction of the Company's capital. |
| Date of Board Meeting | 2026-07-27 Corresponding to 1448-02-13 |
| Capital before decrease | SAR 1,006,363,280 |
| Capital after decrease | SAR 757,595,980 |
| Percentage of Capital decrease | 24.72 % |
| Number of Shares before Decrease | 100636328 |
| Number of Shares after Decrease | 75759598 |
| Reasons for the Capital Decrease | Restructuring the company's capital as follows: • Offset the accumulated losses. • Execute an additional reduction as it exceeds the company's needs. |
| Method of Capital Decrease | Capital reduction is as follows: • A reduction of SAR 198,767,300 by canceling 19,876,730 shares to offset the accumulated losses, representing the cancellation of 0.1975104854779680 share for each share held. • A reduction of SAR 50,000,000 by canceling 5,000,000 shares as it exceeds the company's needs, representing the cancellation of 0.04968384776519270 share for each share held. This will be implemented by returning the funds to the company's shareholders. |
| Impact of the Capital Decrease on the Company's Obligations, Operations or Operational, Financial or Organizational Performance of the Company | The capital reduction will not have any material impact on the Company's obligations, operations, financial performance, operational performance, or regulatory status.. |
| Date of reduction | The End of the Second Trading Day after the Extra Ordinary General Assembly Meeting in which Decrease was Resolved |
| Approvals | The Board of Directors' recommendation remains subject to obtaining the approvals of the Capital Market Authority, the relevant regulatory authorities, and the Extraordinary General Assembly. |
| Appointment of a Financial Advisor and the Submission of the Application for Capital Decrease to CMA | Alinma Capital Company has been appointed as the financial advisor for the capital reduction process. An announcement will also be made upon submitting the company’s capital reduction application file to the Capital Market Authority (CMA) for approval, and regarding any other developments in accordance with the CMA Rules." |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
Key Parameters
Last Price 8.8
Net Change -0.08 (-0.9%)
Value Traded (Sar) 1,452,478.15
Volume Traded 164,108
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