Riyadh – Mubasher: The board of Ayyan Investment Company recommended a 24.72% reduction in the company’s share capital during a meeting held on 27 July 2026.
The proposal seeks to lower the capital from SAR 1 billion to SAR 757.59 million by cancelling 24.87 million shares, according to a bourse disclosure.
The restructuring is divided into two components. First, the company will cancel 19.87 million shares, valued at SAR 198.76 million, to extinguish accumulated losses. This represents an cancellation of 0.19 shares for every share held.
Second, the board proposed cancelling an additional 5 million shares, valued at SAR 50 million, as the capital exceeds the company's operational needs. This portion involves returning funds to shareholders at a rate of 0.04 shares cancelled per share owned.
The total number of outstanding shares will decrease from 100.63 million to 75.75 million following the transaction. Ayan Investment stated that the move will have no material impact on its financial, operational, or regulatory obligations.
The plan remains subject to approvals from the Capital Market Authority (CMA) and the extraordinary general meeting (EGM). Alinma Investment has been appointed as the financial advisor for the transaction.
At the end of March 2026, the company’s accumulated losses reached SAR 79.56 million, representing 7.91% of the company’s capital.
