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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
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
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
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
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALASEEL | 4.10 | 0.01 (0.24 |
| SIDC | 30.10 | 1.00 (3.43 |
| FITAIHIGROUP | 4.08 | -0.01 (-0.25 |
| ARTEX | 13.52 | 0.00 (0.00 |
| LAZURDE | 13.50 | -0.14 (-1.03 |
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia