The Share Capital Decrease of the National Oil and Electricity Production from Oil Shale Co.
التاريخ
Ref. : 6226/2020
Date: 23/12/2020
Memo No.
(74/2020)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: The Share Capital Decrease of the National Oil and Electricity Production from Oil Shale Co.
Greetings,
Kindly be informed that the SDC will carry on the process of decreasing the share capital of (2,500,000) shares of the National Oil and Electricity Production From Oil Shale Company on Thursday 24/12/2020 to redeem part of the accumulated losses of the company as of 31/12/2019. The share capital decrease of the said amount will result in decreasing the registered capital from (5,000,000) shares to (2,500,000) shares.
Kind Regards,
Jamal Jallab
Acting Deputy Chief Executive Officer
