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Vodafone Qatar Announces Capital Reduction
to QR4.22 Billion via Nominal Share Value Reduction to QR5
October 11, 2018
Vodafone Qatar announced that, with reference
to the resolutions of Vodafone Qatar’s AGM and EGM meetings, and
the press release dated February 26th 2018, issued by the
company and entitled “Vodafone Qatar’s Proposed Changes that
will Set it for the Future”, Vodafone Qatar announced that it
has obtained the approvals of Qatar Financial Markets Authority
and the Ministry of Economy & Trade with regards to the
reduction of the company's capital from QR8,454,000,000 to
QR4,227,000,000 through reducing the nominal value of the
company's shares from QR10 per share to QR5 per share.
Vodafone Qatar is currently completing the
necessary procedures to ratify the proposed amendments to the
company's Articles of Association, which were previously
approved by Vodafone Qatar's shareholders at the company’s EGM
held on March 19, 2018 to reflect the capital reduction and
related amendments in its Commercial Register.
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