Riyadh – Mubasher: Seera Group Holding has officially announced the conclusion of the creditor objection period regarding its planned capital reduction.
The company confirmed that the designated window for creditors to voice formal opposition ended on 19 May 2026 with no objections received, according to a bourse filing.
This development allows Seera to proceed toward the final stages of its capital restructuring process.
The announcement follows a sequence of regulatory milestones initiated by Seera earlier in 2026.
Meanwhile, the creditor objection period originally commenced on 5 April 2026, following an initial disclosure on the Saudi Exchange (Tadawul). This period is a standard legal requirement under the Saudi Companies Law, designed to protect the rights of creditors by providing them with a formal mechanism to challenge a reduction in capital if they believe such a move could impair the company’s ability to fulfill its outstanding financial obligations.
While the completion of the objection period is a critical step, Seera emphasized that the capital reduction remains subject to further approvals, including the endorsement of the company’s shareholders.
Seera has scheduled an extraordinary general assembly (EGM) meeting to take place on 2 June 2026, during which shareholders will review the proposal and cast their votes to determine whether the capital reduction will be officially ratified and implemented.
It is worth noting that Seera posted net profits worth SAR 42 million in the first quarter (Q1) of 2026.
