Completion of the Share Capital Decrease of the Specialized Trading & Investment Co.
Date: 08/09/2015
| On Tuesday September 8, 2015 the SDC completed the process of decreasing the share capital of (2,075,000) shares of the Specialized Trading & Investment Company. The share capital decrease was performed through: | |
| A. | Decreasing the share capital of (858,398) share/JOD with a nearly 28 percent to redeem the remaining balance of the accumulated losses as of 31/12/2014. |
| B. | Decreasing the share capital of (1,216,602) share/JOD with a nearly 55 percent and distributing its excess cash to the shareholders. |
| Thereby, the SDC record of the Specialized Trading & Investment Company indicates the decrease of its capital from (3,075,000) shares to a registered capital of (1,000,000) shares as a result of the mentioned share capital decrease. | |
| The above mentioned procedure is conducted based upon the company's General Assembly's resolution made in its extraordinary meeting held on May 31, 2015 which was granted the approval of the Ministry of Industry and Trade on August 26, 2015. | |
