March 2 (Reuters) - DLALA BROKERAGE AND INVESTMENT HOLDING:

* SAYS BOARD OF DIRECTORS RECOMMENDS REDUCING COMPANY CAPITAL BY 32.5%.

* PROPOSED CAPITAL AFTER THE REDUCTION WOULD BE 191,808,000 QATARI RIYALS ($52.69 million). ($1 = 3.6400 Qatar riyals)

(Reporting by Ahmad Elhamy Editing by David Goodman )