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ARGAAM.COM · GLOBAL ·

Takween recommends 67.92% capital cut, SAR 400M rights issue

As reported by argaam.com
Logo of Takween Advanced Industries Co. The board of Takween Advanced Industries Co. recommended reducing the company’s capital by 67.92%, from SAR 764.65 mi...
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Takween Advanced Industries Co.'s board has recommended a significant 67.92% capital reduction, decreasing its capital from SAR 764.65 million to facilitate financial restructuring. This move aims to absorb accumulated losses and improve the company's financial health.…

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