The Share Capital Decrease of the Al Barsha`a Pharmaceutical Industries Co. (Alkindi Pharmaceutical Industries Company)
التاريخ
Ref. :8/11/2618
Date: 09/05/2017
Memo No.
(41/2017)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: The Share Capital Decrease of the Al Barsha`a Pharmaceutical Industries Co. (Alkindi Pharmaceutical Industries Company)
| Greetings, | |
| Kindly be informed that the SDC will carry on the process of decreasing the share capital of the Al Barsha`a Pharmaceutical Industries Company, Alkindi Pharmaceutical Industries Company, on Wednesday 10/05/2017. The share capital decrease will result in decreasing the registered capital form (9,733,913) shares to (572,509) shares. The share capital decrease will be performed through: |
|
| 1. | Decreasing the share capital of (617,966) shares by a cancellation of shares of the affected shareholders based upon the company's General Assembly's resolution made in its extraordinary meeting held on 05/08/2013. |
| 2. | Decreasing the share capital of (8,543,438) share/ JOD to redeem the company’s accumulated losses as of 31/12/2015. |
Kind Regards,
Khalil Naser
Chief Executive Officer
