Seera Group Building
Seera Holding Group announced today that it has submitted a capital reduction application file to the Capital Market Authority.
The group said in a statement on Tadawul that the reduction will be from the company’s treasury shares only, and will not include shares owned by other shareholders.
She added that the capital reduction is conditional on the approval of the regulatory authorities and the approval of the company’s extraordinary general assembly, indicating that it will announce any fundamental developments in a timely manner in accordance with the relevant regulations.
According to the data available on numbersLast June, the company’s Board of Directors recommended reducing the group’s capital by 8.65% from 3,000 million riyals to 2,740.5 million riyals, due to it exceeding the need.
25.95 million ordinary shares of treasury stock will be cancelled, including 2.03 million ordinary shares of the total treasury shares allocated to the employee stock program.
The percentage of the company’s treasury shares currently stands at 8.8%. If the company’s capital is approved to be reduced by canceling a number of announced shares, the percentage of treasury shares will reach 0.18% of the company’s shares after the reduction.
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Evolution of recommendation events
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the date
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the details
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May 29, 2025
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Completing the purchase of 23.92 million shares at a price of 23.56 riyals per share and keeping them as treasury shares with a total value of 563.55 million riyals.
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June 19, 2025
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Recommending a capital reduction of 8.65% in excess of need by canceling 25.95 million shares of treasury shares, including 2.03 million shares of the total treasury shares allocated to the employee stock program.
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June 19, 2025
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Recommendation to purchase 26.92 million shares, a maximum of 10% of the company’s total shares, and keep them as treasury shares.
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