Date : 23/01/2025

On Thursday 23/01/2025 the SDC completed the process of decreasing the share capital of (44,036,790) shares of the capital of the Arab Phoenix Holdings Company to redeem the accumulated losses of the company as of 31/12/2023.

Thereby, the SDC records of the Arab Phoenix Holdings Company indicates the decrease of its capital from (86,840,292) shares to a registered capital of (42,803,502) 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 25/11/2024, and upon the approval of the Ministry of Industry, Trade and Supply on the share capital decrease issued on 19/01/2025.