Riyadh – Mubasher: Al Kathiri Holding Company has appointed Estidamah Capital as its financial advisor to manage the company’s planned capital reduction.
The appointment, effective 10 September 2026, follows a board of directors' resolution to move forward with the restructuring process.
The capital reduction is intended to offset the company’s accumulated losses. This latest development follows an initial board recommendation regarding the capital restructuring previously disclosed on 7 September 2026.
Estidamah Capital will be responsible for managing all regulatory procedures and requirements associated with the transaction.
Al Kathiri Holding stated it will provide further updates to shareholders once the capital reduction file is formally submitted to the Capital Market Authority (CMA).
The company confirmed that any material developments regarding the process will be disclosed in accordance with relevant laws and regulations.
