Monday 28, May 2012 by Robin Amlôt
Saudi CMA approves Zain KSA capital restructuring
The approval by the Capital Market Authority (CMA) follows the decision by Zain KSA’s Board of Directors to seek approval for a reduction of its capital followed by a SAR 6.0 billion rights issue. The capital reduction will result in Zain KSA’s paid-up capital being reduced from SAR 14.0 billion to SAR 4.801 billion. The paid-up capital will be subsequently increased.
