| Element List | Explanation |
|---|---|
| Introduction | With reference to the Saudi Cable Company announcement published on Tadawul website on 03/11/1443 AH corresponding to 06/02/2022 AD regarding the Board of Directors’ recommendation to reduce the company’s capital and subsequently increase the company’s capital by offering rights-based shares, the company would like to announce that it has appointed Financial advisor for managing capital reductions. |
| Name of Financial Advisor | Al Wasatah Al Maliah Company (Wasatah Capital) |
| Financial Advisor Appointment Date | 2022-06-22 Corresponding to 1443-11-23 |
| Reason for Replacing Financial Advisor | N/A |
| Additional Information | The Company will announce when the capital reduction file is submitted to the Capital Market Authority and any future developments in a timely manner. |
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.