Completion of the Share Capital Decrease of Amad Investment & Real Estate Development Co.
Ref. : 4899/2021
Date: 22/08/2021
Memo No.
(52/2021)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: Completion of the Share Capital Decrease of Amad Investment & Real Estate Development Co.
Greetings,
Kindly be informed that the SDC has completed the process of decreasing the share capital of Amad Investment & Real Estate Development Company of (2,000,000) JOD/share on Sunday 22/08/2021. The share capital decrease was performed through decreasing the share capital of (306,406) JOD/share to redeem the accumulated losses as of 31/12/2020 and decreasing the share capital of (1,693,594) JOD/share and distributing its excess cash to the shareholders.
The above mentioned procedure is conducted based upon the company's General Assembly's resolution made in its extraordinary meeting held on 29/04/2021 which was granted the approval of the Ministry of Industry, Trade, and Supply on 04/08/2021.
Thereby, the SDC record for the Capital of Amad Investment & Real Estate Development Company indicates the following:
| # | Company Name | No. of shares decreased | Registered Share Capital |
ISIN
|
Company No. |
| 1. | Amad Investment & Real Estate Development Company Co. | 2,000,000 | 6,000,000 | JO3123411014 | 131234 |
Kind Regards,
Jamal Jallab
Acting Chief Executive Officer
