Completion of the Share Capital Decrease of the Middle East Pharmaceutical & Chemical Industries & Medical Appliances Co.
Ref. : 8037/2023
Date: 30/10/2023
Memo No.
(58/2023)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: Completion of the Share Capital Decrease of the Middle East Pharmaceutical & Chemical Industries & Medical Appliances Co.
Greetings,
Kindly be informed that the SDC has completed the process of decreasing the share capital of (5,000,000) JOD/share of the Middle East Pharmaceutical & Chemical Industries & Medical Appliances Company for Medical Investments Company on Monday 30/10/2023. The share capital decrease was performed through redeeming part of the company’s accumulated losses as of 31/12/2022.
The share capital decrease was conducted based upon the company's General Assembly's resolution made in its extraordinary meeting held on 10/04/2023 and upon the approval of the Ministry of Industry, Trade, and Supply on the share capital decrease issued on 25/07/2023.
The share capital decrease of the said amount will result in decreasing the registered capital from (6,250,583) shares to (1,250,583) shares.
Thereby, the SDC record for the Capital of the Middle East Pharmaceutical & Chemical Industries & Medical Appliances Company indicates the following:
| # | Company Name | No. of shares decreased | Registered Share Capital |
ISIN
|
Company No. |
| 1. | Middle East Pharmaceutical & Chemical Industries & Medical Appliances Co. | 5,000,000 | 1,250,583 | JO4107311014 | 141073 |
Kind Regards,
Sarah Tarawneh
Chief Executive Officer
