In reference to its previous announcement dated 16/11/1426 corresponding to 18/12/2005, Saudi Cable Company (SCC) announces that it has received the approval of the Ministry of Commerce & Industry vide its letter no.222/205/1939 dated 19/11/1426H corresponding to 21/12/2005 for holding the Extraordinary General Assembly of the shareholders on Thursday 05/12/1426H corresponding to 05/01/2006 which is the date originally asked for by the Company in its letter dated 08/11/1426H corresponding to 10/12/2005.
SCC Board of Directors invites the Shareholders who own 20 or more shares, to attend the Extraordinary General Assembly Meeting No.18, to be held at 11 am on 5/12/1426 H corresponding to 5/1/2006 G, at the Companys Head Office in Jeddah Industrial City, in order to review and discuss the following:
1. Approval of the increase of the Companys capital from SR 640 million to SR 850 million through issue of 4.2 million ordinary shares, priced at SR 50 per share
2. Approval of corresponding Amendment to Article 7 of the Companys Bylaws.
Shareholders desirous of attending the Meeting must bring with them their Identity Card/Passport and a copy of or the original share certificates or Banks confirmation of ownership of the shares. Also, those representing a company should bring with them a copy of the Commercial Registration Certificate of the company showing his name or a written authorization signed by one whose name appears in the Commercial Registration Certificate.
Those who cannot attend may nominate a proxy, to attend and vote on the resolutions on their behalf, from among the shareholders other than the Members of the Board of Directors or the Company employees or those engaged in regular technical or administrative work for the Company.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.