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معلومات مباشر
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2026-11-11T13:33:18.922Z

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Takween seeks capital cut

Takween seeks capital cut

Takween Advanced Industries Company has applied to the Capital Market Authority to reduce its capital by 81.64%, from SAR 764.65 million to SAR 140.4 million, by cancelling 62.42 million shares valued at SAR 624.25 million. The reduction is intended to write off accumulated losses and is subject to regulatory approvals, including approval by the Extraordinary General Assembly. Following the reduction, the company has proposed increasing its capital by offering rights shares worth SAR 300 million.

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