Completion of the Share Capital Decrease of the Assas For Concrete Products Co.
Ref. : 6352/2020
Date: 29/12/2020
Memo No.
(78/2020)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: Completion of the Share Capital Decrease of the Assas For Concrete Products Co.
Greetings,
Kindly be informed that the SDC has completed the process of decreasing the Assas For Concrete Products Co. on Tuesday 29/12/2020 to redeem (4,880,000) JOD/share of the company’s accumulated losses as of 31/12/2019. The share capital decrease was conducted based upon the company's General Assembly's resolution made in its extraordinary meeting held on 14/6/2020 which was granted the approval of the Ministry of Industry, Trade, and Supply on 3/12/2020.
Thereby, the SDC record for the Assas For Concrete Products Co. indicates the following:
| # | Company Name | No. of shares decreased | Registered Share Capital |
ISIN
|
Company No. |
| 1. | Assas For Concrete Products Co. | 4,880,000 | 7,120,000 | JO4121411014 | 141214 |
Kind Regards,
Jamal Jallab
Acting Deputy Chief Executive Officer
