Completion of the Share Capital Decrease of the Intermediate Petrochemicals Industries Co.
Ref. : 1456/2021
Date: 11/03/2021
Memo No.
(17/2021)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: Completion of the Share Capital Decrease of the Intermediate Petrochemicals Industries Co.
Greetings,
Kindly be informed that the SDC has completed the process of decreasing the share capital of the Intermediate Petrochemicals Industries Company on Thursday 11/03/2021 to redeem part of the rotated losses of the company as of 31/12/2019.
The above mentioned procedure is conducted based upon the company's General Assembly's resolution made in its extraordinary meeting held on 04/10/2020 which was granted the approval of the Ministry of Industry, Trade and Supply on 25/02/2021.
Thereby, the SDC record for the Capital of Intermediate Petrochemicals Industries Company indicates the following:
| # | Company Name | No. of shares decreased | Registered Share Capital |
ISIN
|
Company No. |
| 1. | Intermediate Petrochemicals Industries Co. | 4,000,000 | 3,000,000 | JO4121711017 | 141217 |
Kind Regards,
Jamal Jallab
Acting Deputy Chief Executive Officer
