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the capital market authority approved malath cooperative insurance and reinsurance company’s request to reduce its capital

The CMA has issued its resolution approving Malath Cooperative Insurance and Reinsurance Company’s request to reduce its capital from SAR (300,000,000) to SAR (120,000,000), thus reducing the number of shares from (30,000,000) shares to (12,000,000) 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.