Saudi Cable Co. Invites its Shareholders to Attend the Extraordinary General Assembly Meeting for Capital Decrease ( First Meeting )

Saudi Cable Co. Invites its Shareholders to Attend the Extraordinary General Assembly Meeting for Capital Decrease ( First Meeting )

| 1- Vote for the appointment of the company’s auditor from among the candidates based on the recommendation of the Audit Committee; This is for examining, reviewing and auditing the financial statements for the second, third, fourth and annual quarters of the fiscal year 2022 and the first quarter of the fiscal year 2023, and determining its fees.

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2- Vote on the Board of Directors’ recommendation to reduce the company’s capital according to the following:

- The company's capital before the reduction: (262,311,060) Saudi riyals

- The company's capital after reduction: (66,729.060) Saudi riyals

- Number of shares before the reduction: (26,231,106) shares

- Number of shares after reduction: (6,672,906) shares

Reduction rate: -74.6% of the company's capital

- Reason for capital reduction: To restructure the capital and amortize (100%) of the accumulated losses as on March 31, 2022, at a value of (195.582.000) Saudi riyals

- Capital reduction method: canceling (19,558,200) shares of the company's shares, 0.7456 shares will be reduced for every 1 share

- Effective date of reduction: at the end of the second trading day following the date of the Extraordinary General Assembly in which it was decided to reduce the capital

- The effect of the capital reduction on the company’s obligations: there is no