Date: 29/07/2024

On Monday 29/07/2024 the SDC completed the process of decreasing the share capital of (1,072,500) shares of the Jordan Pipes Manufacturing Company. The share capital decrease is performed through redeeming all of the company’s accumulated losses.

Thereby, the SDC record of the Jordan Pipes Manufacturing Company indicates the decrease of its capital from (3,575,000) shares to a registered capital of (2,502,500) 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 27/04/2024 which was granted the approval of the Ministry of Industry, Trade, and Supply on 16/07/2024.