Riyadh – Mubasher: Ayyan Investment Company has submitted its capital reduction application file to the Capital Market Authority (CMA).
The submission follows the board of directors' recommendation initially disclosed on 28 July 2026 and a subsequent update on 17 August.
The proposed restructuring involves two distinct phases. In the first stage, the company intends to reduce its capital from SAR 1 billion to SAR 807.59 million to extinguish accumulated losses.
This 19.75% reduction will be executed by canceling 19.87 million shares, representing a cancellation ratio of 0.19 shares for every share held.
The second stage aims to further reduce the capital from SAR 807.59 million to SAR 757.59 million, citing capital in excess of the company's needs. This 6.19% reduction involves canceling 5 million shares and returning the corresponding amounts to shareholders.
Ayyan Investment noted that the second phase is contingent upon shareholder approval of the initial loss-offsetting reduction.
Both stages remain subject to final regulatory and extraordinary general assembly approvals.
