Date: 29/12/2020

On Tuesday 29/12/2020 the SDC completed the process of decreasing the share capital of (4,880,000) shares of the Share Capital Decrease of the Assas For Concrete Products Company with a percentage of (40.667%) to redeem part of the company’s accumulated losses.

Thereby, the SDC records of the Assas For Concrete Product Company indicates the decrease of its capital from (12,000,000) shares to a registered capital of (7,120,000) 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 14/6/2020, and upon the approval of the Ministry of Industry, Trade, and Supply on the share capital decrease issued on 3/12/2020.