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Al Hassan Ghazi Ibrahim Shaker Co. Announces the Decrease of its Accumulated Losses to 0 % of the Capital

Element ListExplanation
Introduction Referring to the recommendation of the Board of Directors dated 05/04/1443 AH corresponding to10/11/2021 AD, regarding the reduction of the Company’s share capital by 23.44%, and, as the Company’s shareholders approved during the Extraordinary General Assembly Meeting held on 10/14/1443 AH corresponding to 05/15/2022AD, the Company wishes to announce the decrease in share capital of SAR 147,666,000 through absorbing all accumulated losses.
Date of accumulated losses decrease 2022-05-15 Corresponding to 1443-10-14
Amount of the Accumulated Losses The accumulated losses are now 0 %
Measures Taken by the Company to Decrease Accumulated Losses Reducing the share capital of the Company from SAR 630,000,000 to SAR 482,334,000 based on the approval of the Extraordinary General Assembly held on 10/14/1443 AH corresponding to 05/15/2022AD.
Auditor's Report showing the Financial Position of the Company after the Decrease of the Accumulated Losses

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.

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