The Securities House Company held both its Annual and Extraordinary General Meetings on Sunday dated 19 June 2016 for the year ended 31 December 2015, and the following was resolved:
- Non-distribution of dividends for the year ended 31 December 2015
- The reduction of share capital from KD 68,000,000 to KD 65,450,000 through cancellation of all 25,500,000 treasury shares with a total value of KD 2,550,000
- The reduction of share capital from KD 65,450,000 to KD 52,254,250 with a total value of KD 13,195,750 in order to write of the entire accumulated losses balance amounting to KD 13,195,750.
- The cash reduction of share capital from KD 52,254,250 to KD 48,000,000 for being excessive of company’s needs, and the amount of KD 4,254,250 will be disbursed to registered shareholders on the day preceding the share price adjustment.
