Saudi Cable Co. Announces the Submission of the Decrease of the Company’s Capital Application File to CMA
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | With reference to the announcement of the Saudi Cable Company on Tadawul website on 03/11/1443 AH corresponding to 02/06/2022 AD regarding the Board of Directors’ recommendation to reduce the company’s capital and then increase the company’s capital by offering rights-issues. Saudi Cable Company announces that it submitted a file to reduce the company’s capital to the Capital Market Authority on 28/11/1443 AH corresponding to 27/06/2022 AD. |
| Date of Submitting the Application File to CMA | 2022-06-27 Corresponding to 1443-11-28 |
| Application Subject | Reducing the capital by (195,582,000) Saudi riyals |
| Date of Announcing Board Recommendation to Decrease the Company’s Capital on Tadawul’s Website | 2022-06-02 Corresponding to 1443-11-03 |
| Additional Information | The Company will announce any future developments in this matter as they become available. |
