The Share Capital Decrease of Amad Investment & Real Estate Development Co.
التاريخ
Ref. :4857/2021
Date: 19/08/2021
Memo No.
(51/2021)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: The Share Capital Decrease of Amad Investment & Real Estate Development Co.
| Greetings, | |
| Kindly be informed that the SDC will carry on the process of decreasing the share capital of (2,000,000) shares of Amad Investment & Real Estate Development Company on Sunday 22/08/2021. The share capital decrease of the said amount will result in decreasing the registered capital to (6,000,000) shares. The share capital decrease will be performed through: | |
| 1. | Decreasing the amount of (306,406) share/JOD to redeem the balance of the accumulated losses as of 31/12/2020. |
| 2. | Decreasing the share capital of (1,693,594) share/JOD and distributing its excess cash to the shareholders in proportion to the percentage of their contributions in the company capital. |
Kind Regards,
Jamal Jallab
Acting Chief Executive Officer
