Edaa implements procedures to reduce Alhokair Group’s capital

11/10/2022 Argaam

Edaa implements procedures to reduce Alhokair Group’s capital

 

The Securities Depository Center Co. (Edaa) reduced today, Oct. 11, the quantity of shares in the accounts of Abdulmohsen Alhokair Group for Tourism and Development’s eligible shareholders, according to a bourse filing.

 

On Oct. 6, Alhokair Group’s shareholders approved the board’s recommendation to reduce capital by 51.54% from SAR 650 million to SAR 315 million, Argaam earlier reported.

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