Fitaihi Holding Group announces its Board’s Recommendation to reduce the Company’s Capital (being over the Company’s need)
ELEMENT LISTEXPLANATIONIntroductionThe board of directors of Fitaihi Holding Group recommended reducing the Company’s capital as follows:Date of Board Meeting2021-03-04 Corresponding to 1442-07-20Capital before decrease550,000,000Capital after decrease275,000,000Percentage of Capital decrease50 %Number of Shares before Decrease55000000Number of Shares after Decrease27500000Reasons for the Capital DecreaseThe capital is over the Company’s needs.Method of Capital DecreaseCanceling 50% of the number of shares and compensating... Read More