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Zain Saudi shareholders greenlight capital restructuring plans

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.