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Wireless

Zain Saudi applies to reduce capital to write off debts and for subsequent increase

Wednesday 9 May 2018 | 10:35 CET | News
Zain Saudi Arabia has filed for regulatory approvals of its capital reduction and subsequent capital increase through its rights issue with the Capital Markets Authority (CMA) and Tadawul. It plans to reduce its capital by around 38 percent from SAR 5.84 billion to SAR 3.62 billion, with the purpose of writing off accumulated losses of over SAR 2.22 billion.

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Categories: Mobile & Wireless
Companies: Zain Saudi Arabia
Countries: Saudi Arabia
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