Saudi Cable Co. Announces Appointment of a Financial Advisor for Capital Decrease

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IntroductionWith reference to the Saudi Cable Company announcement published on Tadawul website on 03/11/1443 AH corresponding to 06/02/2022 AD regarding the Board of Directors’ recommendation to reduce the company’s capital and subsequently increase the company’s capital by offering rights-based shares, the company would like to announce that it has appointed Financial advisor for managing capital reductions.
Name of Financial AdvisorAl Wasatah Al Maliah Company (Wasatah Capital)
Financial Advisor Appointment Date2022-06-22 Corresponding to 1443-11-23
Reason for Replacing Financial AdvisorN/A
Additional InformationThe Company will announce when the capital reduction file is submitted to the Capital Market Authority and any future developments in a timely manner.