Riyadh — Mubasher: Keir International Company has appointed Business Sustainability Financial Company (Istidama) as its financial advisor to oversee a planned reduction of the company’s capital.
The appointment, effective 29 July 2026, follows a recommendation from the board of directors to restructure the company’s capital base to support and stabilize its financial position.
The advisor is tasked with conducting necessary studies and providing recommendations regarding the capital reduction process.
Keir International stated that the appointment itself does not carry a material financial impact at this stage. However, the company is awaiting the release of its financial results for the first half (H1) of 2026 to determine the final financial implications of the capital adjustment.
The company confirmed it will proceed with all regulatory requirements in accordance with the Companies Law, the Capital Market Authority’s (CMA) Rules on the Offer of Securities and Continuing Obligations, and the Saudi Exchange (Tadawul) listing rules.
Further disclosures regarding the specific details of the capital reduction and study outcomes will be made following the receipt of necessary regulatory approvals.
