Seera Group Holding Announces the Start of the Creditors' Objection Period Related to the Company’s Capital Reduction

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.