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

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IntroductionWith 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 CMA2022-06-27 Corresponding to 1443-11-28
Application SubjectReducing the capital by (195,582,000) Saudi riyals
Date of Announcing Board Recommendation to Decrease the Company’s Capital on Tadawul’s Website2022-06-02 Corresponding to 1443-11-03
Additional InformationThe Company will announce any future developments in this matter as they become available.