The Share Capital Decrease of the Specialized Trading & Investment Co.
التاريخ
Ref. :8/11/3814
Date: 07/09/2015
Memo No.
(42/2015)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: The Share Capital Decrease of the Specialized Trading & Investment Co.
| Greetings, | |
| Kindly be informed that the SDC will carry on the process of decreasing the share capital of (2,075,000) shares of the Specialized Trading & Investment Company on Tuesday September 8th, 2015. The share capital decrease of the said amount will result in decreasing the registered capital for the company to (1,000,000) shares. The share capital decrease will be performed through: | |
| A. | Decreasing the share capital of (858,398) share/JOD to redeem the remaining balance of the accumulated losses as of 31/12/2014. |
| B. | Decreasing the share capital of (1,216,602) share/JOD and distributing its excess cash to the shareholders. |
Kind Regards,
Khalil Naser
/Chief Executive Officer
