Board's Decisions in 9/4/2019

- Approving the registration of the shares of capital increase of the Middle East Company for Pharmaceutical and Chemical Industries and Medical Appliances at a value of JD (5,000,000) five million shares with a nominal value of JD 1 per share, under the following conditions:
1. Allocating (4,201,050) shares to Mr. Hamza Ahmed Youssef Tantash at an issue price of JD (1) through capitalization of  JD (2,491,000) from the advanced payment on the capital increase account as on 31/12/2018, and the capitalization of JD (1,710,000) from the account of current payable to shareholders as on 31/12/2018 (owed by Mr. Hamza Ahmed Youssef Tantash), with a total of JD (4,201,050).

2. Allocating (798,950) shares to Mrs. Maysir Hamed Youssef Aklouk with an issuance price of JD (1) through capitalization of an amount of JD (798,950) from the advanced payment on the capital increase account as on 2018/12/3, provided that:-
1. Banning the disposal of  shares for one year from the date of completion of  the issuance procedures with the Commission.
2. Completing of the issuance procedures  within a maximum period not exceeding the date of 4/18/2018, which is the due date of covering the capital.
3. Payment of the prescribed fees.
- The report regarding the capitalization of debts which is submitted by the Board of  Directors of the company shall be disclosed attached to it the capitalized debts, the evaluation mechanism and how the debts arise; taking into account the remaining balance to be classified under the advanced payment on the capital increase account, and be transferred to current payable to shareholders account.

- Approving the registration of  the capital increase of the Middle East Complex for Engineering, Electronic and Heavy Industries, at a value of (4,950,617) shares with a nominal value of JD 1 per share, by capitalizing an amount of JD (4,950,617) from the account of accounts payable, checks payable, miscellaneous credit accounts, and allotment of shares to the following persons :-

Taking into consideration the following:
1. Banning the disposal of  shares for one year from the date of completion of  the issuance procedures with the Commission.

2. The issuance procedures must be fulfilled within a period not exceeding 30 working days from the date of the Commission's approval to register these shares.

3.  Payment of the prescribed fees.
The report regarding the capitalization of debts which is submitted by the Board of  Directors of the company shall be disclosed attached to it the capitalized debts, the evaluation mechanism and how the debts arise.