The Share Capital Increase of the Alia-the Royal Jordanian Airlines Co.

التاريخ

Ref. : 8/11/5165
Date: 20/11/2017

Memo No.
(102/2017)

Members of SDC of Brokers and Custodians 

Dear General Manager, 

 

Subject: The Share Capital Increase of the Alia-the Royal Jordanian Airlines Co.

Greetings, 
 
Kindly be informed that the SDC will carry on the process of registering the share capital increase of the Alia-the Royal Jordanian Airlines Company on Tuesday 21/11/2017 through non-public offering and allocating them for “Governmental Assets Management Company” at an issuance price of JD (0.39) per share. The share capital increase was performed as follows:
  1. Converting the company's debts JD (25) millions to the amount of issued shares (64,102,564) shares allocated to the benefit of the treasury.
  2. Allocating (35,897,436) shares that are paid, in cash with an amount of JD (14) millions, when registering these shares in the name of the Governmental Assets Management Company.
The share capital increase of the said amounts will result in raising the registered capital to (246,405,342) shares.

Kind Regards, 

Khalil Naser

Chief Executive Officer

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