United Wire Factories Co. Announces Board’s Recommendation to Decrease the Company’s Capital

United Wire Factories Co. Announces Board’s Recommendation to Decrease the Company’s Capital

ELEMENT LIST EXPLANATION
Date of Board Meeting 2020-01-13 Corresponding to 1441-05-18
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 20 %
Number of Shares before Decrease 43875000
Number of Shares after Decrease 35100000
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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