Kindly be informed that the SDC will carry on the process of decreasing the share capital of (9,038,037) shares of the South Electronics Company on Monday 08/11/2021 to redeem the balance of accumulated losses and redeem the issuance discount as of 31/12/2019. The share capital decrease of the said amount will result in decreasing the registered capital for the company from (11,158,447) shares to (2,120,410) shares.

Kind Regards,

Jamal Jallab
Acting Chief Executive Officer