The CMA Board has issued its resolution approving Mobile Telecommunications Company Saudi Arabia request to reduce its capital from SAR (10,801,000,000) to SAR (5,837,291,750), thus reducing the number of shares from (1,080,100,000) shares to (583,729,175) shares. This approval is conditional on the Company’s extraordinary general assembly approval that must be held within six months from the approval date and completion of the necessary procedures in relation to the applicable regulations.
