The extraordinary general meeting of shareholders of «Al-Isar Holding» company approved a capital reduction of 87.5%, decreasing the capital from 757.69 million dollars to 94.67 million dollars. The purpose of this measure is to write off accumulated losses. Following the completion of the capital reduction, the company's issued capital will be increased by issuing up to 386.27 million new common shares at a nominal value of 0.25 dollars per share. These new shares will be offered to current shareholders in proportion to their stake in the company, subject to necessary regulatory approvals.
