Addendum announcement from AYYAN Investment Co. regarding the company’s Announces Board's Recommendation to Decrease the Company's Capital
| Element List | Explanation |
|---|---|
| Introduction | With reference to Ayyan Investment Company’s announcement dated 14/02/1448H (corresponding to 28/07/2026G) regarding the Board of Directors’ recommendation to the Extraordinary General Assembly to reduce the Company’s share capital, the Company would like to provide its shareholders with additional details regarding the proposed capital reduction as follows: • First Item: The Company’s share capital before the capital reduction to offset accumulated losses is SAR 1,006,363,280, and it will become SAR 807,595,980 after the reduction. The number of shares will be reduced from 100,636,328 shares to 80,759,598 shares, representing a reduction of 19.75%, through the cancellation of 19,876,730 shares to offset accumulated losses. Accordingly, 0.1975104854779680 share will be cancelled for each share held. • Second Item: The Company will also reduce its share capital due to exceeds the company's needs, from SAR 807,595,980 (the Company's share capital following the capital reduction referred to in the first item to offset accumulated losses) to SAR 757,595,980. The number of shares will be reduced from 80,759,598 shares to 75,759,598 shares, representing a reduction of 6.19%, through the cancellation of 5,000,000 shares. Accordingly, 0.06191214572415280 share will be cancelled for each share held. This reduction will be implemented by returning the funds to the company's shareholders. Please note that approval of the Second Item is conditional upon obtaining shareholders' approval of the First Item. In the event the Company's shareholders do not approve the First Item, the Second Item shall be deemed null and void. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2026-07-28 Corresponding to 1448-02-14 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | The Company would like to provide its shareholders with additional details regarding the proposed capital reduction as follows: • First Item: The Company’s share capital before the capital reduction to offset accumulated losses is SAR 1,006,363,280, and it will become SAR 807,595,980 after the reduction. The number of shares will be reduced from 100,636,328 shares to 80,759,598 shares, representing a reduction of 19.75%, through the cancellation of 19,876,730 shares to offset accumulated losses. Accordingly, 0.1975104854779680 share will be cancelled for each share held. • Second Item: The Company will also reduce its share capital due to exceeds the company's needs, from SAR 807,595,980 (the Company's share capital following the capital reduction referred to in the first item to offset accumulated losses) to SAR 757,595,980. The number of shares will be reduced from 80,759,598 shares to 75,759,598 shares, representing a reduction of 6.19%, through the cancellation of 5,000,000 shares. Accordingly, 0.06191214572415280 share will be cancelled for each share held. This reduction will be implemented by returning the funds to the company's shareholders. Please note that approval of the Second Item is conditional upon obtaining shareholders' approval of the First Item. In the event the Company's shareholders do not approve the First Item, the Second Item shall be deemed null and void. |
| Financial Impact on the change | N/A |
| Additional Information | N/A |
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