What is the ruling on Zain company reducing then increasing its capital, which led to a decrease in the number of subscribers' shares and their loss without compensation, knowing that the share price was always lower than the subscription price?

There is no objection to reducing or increasing a company's capital if there is no transgression or negligence on the part of the body that made the decision, and if it is necessitated by the interest, because these bodies act on behalf of the shareholders and are authorized to dispose of such matters. The permissibility of the action depends on the extent of the bodies' right to make decisions, and recourse can be sought from the competent authorities in the event of an error or manipulation.