The Capital Market Authority's Approval of Methanol Chemicals Company's Request to Reduce Its Capital

موافقة الهيئة على طلب شركة كيمائيات الميثانول تخفيض رأس مالها

The Capital Market Authority approved Methanol Chemicals Company's request to reduce its capital from SAR 674,508,630 to SAR 150,000,000, cutting the number of shares from 67,450,863 to 15,000,000. The approval is conditional on the company's extraordinary general assembly approval and completion of related regulatory procedures, and the company must publish a report on the proposed reduction method and its expected effects before the assembly convenes.

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