KLA has expertly aided various companies with listed share dilutions followed by the issuance of additional stocks, enabling this liberated stock to instead be used for capital gain. These transactions include:
- Nama Chemicals Company, a Saudi Arabian public joint stock company, on capital reduction via shares cancellation in accordance with the Capital Market Authority regulations and the Companies Law
- Saudi Enaya Insurance Company, a Saudi Arabian public joint stock company, on capital reduction via shares cancellation in accordance with the Capital Market Authority regulations and the Companies Law
- AlAhlia Insurance Company, a Saudi Arabian public joint stock company, on capital reduction via shares cancellation in accordance with the Capital Market Authority regulations and the Companies Law
- Tihama Company, a Saudi Arabian public joint stock company, on capital reduction via shares cancellation in accordance with the Capital Market Authority regulations and the Companies Law
- Malath Insurance, a Saudi Arabian public joint stock company, on capital reduction via shares cancellation in accordance with the Capital Market Authority regulations and the Companies Law [known as the “Tasi market”]
*The above representations were handled by our team members prior to joining KLA Law Firm.