Tabuk Agricultural Development Co. — Share Issue/Capital Change 2019

Nov 11, 2019

Tabuk Agricultural Development Co. Announces Board's Recommendation to Decrease the Company's Capital

6040 · 11/11/2019 08:04:52 · Announcement #56747 · View on Saudi Exchange

Tabuk Agricultural Development Co. Announces Board's Recommendation to Decrease the Company's Capital

Element List	Explanation
Introduction	No English translation, kindly refer to the Arabic version
Date of Board Meeting	2019-11-10 Corresponding to 1441-03-13
Capital before decrease	No English translation, kindly refer to the Arabic version
Capital after decrease	No English translation, kindly refer to the Arabic version
Percentage of Capital decrease	46.274 %
Number of Shares before Decrease	45000000
Number of Shares after Decrease	24176700
Reasons for the Capital Decrease	No English translation, kindly refer to the Arabic version
Method of Capital Decrease	No English translation, kindly refer to the Arabic version
Impact of the Capital Decrease on the Company's Obligations, Operations or Operational, Financial or Organizational Performance of the Company	No English translation, kindly refer to the Arabic version
Date of reduction	The End of the Second Trading Day after the Extra Ordinary General Assembly Meeting in which Decrease was Resolved
Approvals	No English translation, kindly refer to the Arabic version
Appointment of a Financial Advisor and the Submission of the Application for Capital Decrease to CMA	No English translation, kindly refer to the Arabic version

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