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Saudi Cable Co. announces the results of shareholder extraordinary general assembly meeting approving company's capital Decrease

SAUDI CABLE 2110 62.90% 93.10 35.95

Saudi Cable Co. has announced that the company held its extraordinary general assembly meeting in the No English translation, please see Arabic version on 02-09-2018 corresponding to 22-12-1439 at 19:30. All resolutions of the meeting are as follows:
Resolution 1: Approve of the Board of directors recommend to reduce the company's capital as following:
1.Reduce the company's capital from SAR 404,114,000 Millions to SAR 110,614,060 Millions
2.With a decrease by 72.63%
3.The number of share would also decrease from 40,411,400 Millions shares to 29,349,994 Millions shares.
4. Effective date for proposed reduction in capital is eligible to the shareholders who are registered in the shareholder's register in the Securities Depository Center (Tadawul) at the close of trading on the extraordinary general assembly day.
5.Reducing 1.38 share for every 404,114,000 share owned.
6.No translation see the Arabic version
Other resolutions passed during the meeting :
No translation see the Arabic version

Articles subject to amendment in the Articles of Association of Saudi Cable Co

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