| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of Seera Group Holding (" The Company") on the Saudi Exchange's website on 23/12/1446H (corresponding to 19/06/2025G) in relation to the Board of Directors’ recommendation to reduce the company's capital from SAR (3,000,000,000) to SAR (2,740,486,520), through canceling a total of (25,951,348) treasury shares, including (2,034,737) ordinary shares allocated under the Employee Stock Program, representing a total reduction of 8.65% of the company’s share capital prior to the reduction, and further to the Company's announcement published on the Saudi Exchange's website on 17/10/1447H (corresponding to 05/04/2026G) regarding the Capital Market Authority’s resolution dated 14/10/1447H (corresponding to 02/04/2026G) approving the Company’s capital reduction request, The Company announces the commencement of the creditors’ objection period in accordance with Article (135) of the Companies Law. |
Accordingly, any creditor of Seera Group Holding has the right to object to the capital reduction during the objection period by sending a registered letter to the company’s headquarters located in Riyadh – Al Taawun District – Saud Bin Abdulaziz Bin Mohammed Road, P.O. Box 12476, Riyadh 3730, Kingdom of Saudi Arabia.
The creditors’ objection period will begin on Sunday 17/10/1447H (corresponding to 05/04/2026G) and will last for forty-five (45) days, ending on Tuesday 02/12/1447H (corresponding to 19/05/2026G).
It should be noted that the objection does not stop the reduction process. If any of the creditors object to the reduction and submit their documents to the Company by the deadline, the Company must pay their debt if it is due or provide sufficient guarantee to fulfill it if it is deferred. A creditor who notifies the Company of their objection and whose debt has not been paid if it is due, or has not been provided with sufficient guarantee if it is deferred, may approach the competent judicial authority before the date set for the extraordinary general assembly meeting to decide on the reduction. In this case, the competent judicial authority may order the payment of the debt, the provision of sufficient guarantee, or the postponement of the extraordinary general assembly meeting as appropriate.
The capital reduction is subject to the approval of the Company’s Extraordinary General Assembly, the meeting of which will be held after the expiry of the creditors’ objection period referred to above. The Company will announce the invitation to convene the assembly in due course, in accordance with the applicable rules and regulations.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.