The Securities Depository Center Co. (Edaa) implemented the securities quantity decrease for Naseej International Trading Co. into the accounts of eligible shareholders today, Dec. 23, it said in a statement.

 

On Dec. 21, the company’s shareholders approved a 65.4% capital cut to SAR 61.63 million from SAR 178.16 million through the cancellation of 11.65 million shares to offset accumulated losses.

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Naseej shareholders approve 65.4% capital cut to offset accumulated losses

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