CMA approves Al Sorayai Trading request to reduce the capital

12/12/2017 20:13 AST

The CMA has issued its resolution approving Al Sorayai Trading and Industrial Group Company's request to reduce its capital from SAR (375,000,000) to SAR (225,000,000), thus reducing the number of shares from (37,500,000) shares to (22,500,000) shares. This approval is conditional on the Company's extraordinary general assembly approval and completion of the necessary procedures in relation to the applicable regulations.

The Company will publish a disclosure document to its shareholders related to the proposed method of capital reduction and the expected effect of such reduction within sufficient time prior to the Extraordinary General Assembly Meeting to enable shareholders to vote on the capital decrease.

The CMA's approval of a particular company's application to reduce its capital should never be viewed as an endorsement of the feasibility of the capital decrease. The CMA's approval of a company's application to reduce its capital mer ely means that the regulatory requirements as per the Capital Market Law and its Implementing Regulations have been met.?


Tadawul

News

Al Sorayai Trading announces new board member

14/01/2018

Al Sorayai Trading and Industrial Group is announcing that the Board Member Eng. Mohammed Ahmed Khalawi Mowkley (Independent Member) resigned from the membership of Board of Directors and Audit Commi

Tadawul

Al Sorayai Group furnishes Jeddah's oldest mosque

25/06/2015

Al Sorayai Group (ASG), one of the world's leading industrial and trading groups in carpet, flooring and furniture, announced that it has completed refurnishing Jeddah's oldest mosque, Al Shafi'i,

Saudi Gazette

Al-Sorayai Group announces the annual financial results

18/02/2013

Al Sorayai Trading And Industrial Group Co (Al-Sorayai Group) announces the annual financial results for the period ending 31-12-2012:

1. Net profit amounted to SAR 52.6 million a

Tadawul

Most Viewed Companies

Ticker Price Volume

Valuation

NASEEJ Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
ALASEEL 3.70 0.00 (0.00%)
ARTEX 10.95 0.02 (0.18%)
FITAIHIGROUP 2.40 -0.03 (-1.24%)
SIDC 15.68 -0.52 (-3.21%)
LAZURDE 11.02 -0.13 (-1.17%)

Recent News

Gulf Bank: June 30 final date to deposit and enter in the first KD 200,000 draw

26/06/2026

In preparation for the launch of the newly enhanced AlDanah Millionaire Account draws starting from next September, Gulf Bank announced that June 30 is the final date to deposit and enter in the fir

Kuwait Times

ADNOC Drilling delivers first AI-enabled walking island rig ahead of schedule

26/06/2026

ADNOC Drilling Company today (June 25) announced the successful delivery and acceptance of AD-300, the first AI-enabled, fully automated walking island rig, delivered nearly three months ahead of sch

Trade Arabia

Abu Dhabi Islamic to provide digital home financing for Emiratis

26/06/2026

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has partnered with the Abu Dhabi Housing Authority (ADHA) to provide eligible UAE nationals with enhanced digital pre-approval

Trade Arabia

First Avenue consortium signs framework deal for flagship Makkah project

26/06/2026

Saudi-based First Avenue for Real Estate Development Company has announced that its consortium has signed a framework agreement for the East Hindawiyah Project, one of Makkah's flagship sustainable u

Trade Arabia

OQEP, Turkish Petroleum secure Block 80 concession

25/06/2026

Oman's Ministry of Energy and Minerals on Wednesday signed an Exploration and Production Sharing Agreement (EPSA) for offshore Block 80 with OQ Exploration and Production (OQEP) - Musandam Offshore a

Muscat Daily

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap