AlBaha Investment and Development Co.’s fluctuation limit after its capital reduction will be based on a share price of SAR 22.50, the Saudi Stock Exchange (Tadawul) said in a statement Wednesday.

 

AlBaha’s shareholders approved on Tuesday a 40 percent capital reduction to SAR 177 million from SAR 295 million.

 

The company will write off 11.8 million of outstanding shares, or four shares for every ten shares, Argaam earlier reported.

 

 The capital reduction aims to offset AlBaha’s accumulated losses.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request