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Zain Saudi shareholders greenlight capital restructuring plans
- Saudi Arabia: Sunday, July 08 - 2012 at 12:11
Shareholders of Zain Saudi have given their approval to the company's capital restructuring plans, Arab News has reported. The capital reduction will result in the company's paid-up capital being reduced from SR14bn to SR4.801bn. A subsequent capital increase, which was also approved at an extraordinary general assembly meeting, will result in the paid-up capital of the company being increased to SR10.801bn by way of a rights issue, the firm said.
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