The Capital Market Authority Approved Solidarity Saudi Takaful Company’s Request to Reduce its Capital

​​The CMA has issued its resolution approving Solidarity Saudi Takaful Company’s request to reduce its capital from SAR (555,000,000) to SAR (250,000,000), thus reducing the number of shares from (55,500,000) shares to (25,000,000) 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.