The Saudi Arabia Capital Market Authority has approved Methanol Chemicals Company’s request to reduce its capital from SAR 674,508,630 to SAR 150,000,000, with the number of shares to fall from 67,450,863 to 15,000,000. The approval clears the company to proceed under the market regulator’s framework but does not itself complete the reduction. The capital decrease remains subject to approval by the company’s extraordinary general assembly and completion of the necessary procedures under the applicable regulations. Before the extraordinary general assembly meeting, the company must publish a disclosure document for shareholders setting out the proposed method of the capital reduction and its expected effect. The authority also noted that its approval should not be treated as an endorsement of the feasibility of the reduction, only as confirmation that the relevant requirements under the Capital Market Law and its implementing regulations have been met.
Saudi Arabia Capital Markets Authority 2026-05-07
Saudi Arabia Capital Market Authority approves Methanol Chemicals Company capital reduction from SAR 674.5 million to SAR 150 million
The Saudi Arabia Capital Market Authority has approved Methanol Chemicals Company’s request to reduce its capital from SAR 674,508,630 to SAR 150,000,000, with shares decreasing from 67,450,863 to 15,000,000. The reduction remains subject to approval by the extraordinary general assembly, publication of a shareholder disclosure document, and completion of procedures under applicable regulations, with the authority stressing that its approval is not an endorsement of the transaction’s feasibility.