Saudi Cable seeks shareholders’ approval to reduce capital to $18m

The provider of energy and telecoms cables seeks to reduce its capital to SR67 million ($18 million) from SR262 million. (Supplied)

RIYADH: Saudi Cable Co. invited its shareholders to vote on the board’s recommendation to reduce the company’s capital by 74.6 percent.

The provider of energy and telecoms cables seeks to reduce its capital to SR67 million ($18 million) from SR262 million, a bourse filing shows.