The Share Capital Decrease of the Al- Arabiya For Investment Projects Co.

التاريخ

Ref. :3777/2024
Date: 12/05/2024

Memo No.
(19/2024)
 

Members of SDC of Brokers and Custodians
 
Dear General Manager,


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
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