02:12 AM EDT, 10/12/2026 (MT Newswires) -- Keir International (SASE:9542) on Sunday filed an application with the Capital Market Authority for the approval of its planned capital reduction, according to a Monday filing. The Tadawul-listed telecommunications and electrical technologies services group aims to reduce its share capital to 33.6 million Saudi riyals from 120 million riyals through the cancelation of 86,422,153 ordinary shares. The capital reduction, which will extinguish the company's entire accumulated losses of 86.4 million Saudi riyals, as at June 30, is subject to regulatory and the company's extraordinary general assembly approvals.

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