The Share Capital Decrease of the Al- Arabiya For Investment Projects Co.
Ref. :3777/2024
Date: 12/05/2024
Memo No.
(19/2024)
Subject: The Share Capital Decrease of the Al- Arabiya For Investment Projects Co.
Greetings, | |
Kindly be informed that the SDC will carry on the process of decreasing the share capital of (1,051,982) shares of the Al- Arabiya For Investment Projects Company on Monday 13/05/2024. The share capital decrease is performed through redeeming all of the company’s accumulated losses as of 31/12/2023 which is (654,020) and distributing the remaining balance of its excess cash to the shareholders in proportion to the percentage of their contributions in the company capital. |
The share capital decrease of the said amount will result in decreasing the registered capital from (3,551,982) shares to (2,500,000) shares.
Kind Regards,
Sarah Tarawneh
Chief Executive Officer