​The CMA has issued its resolution approving Saudi Cable Company's request to reduce its capital from SAR (760,000,000) to SAR (404,114,000), thus reducing the number of shares from (76,000,000) shares to (40,411,400) shares. This approval is conditional on the Company’s extraordinary general assembly approval and completion of the necessary procedures in relation to the applicable regulations. Reference to the Capital Market Authority previous announcement dated 19/01/2017G in regards to the suspension of trading the shares of Saudi Cable Company, note that the suspension will continue due to the reason explained in the aforementioned announcement.

The CMA’s approval of a particular company’s application to reduce its capital should never be viewed as an endorsement of the feasibility of the capital decrease. The CMA’s approval of a company’s application to reduce its capital merely means that the regulatory requirements as per the Capital Market Law and its Implementing Regulations have been met.