Saudi Cable Co. Announces the Submission of the Decrease of the Company’s Capital Application File to CMA
|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.|