Saudi Cable Co. Announces the Non convenience of its Extraordinary General Assembly’s Meeting regarding Capital Decrease and Increase (Second Meeting).
Saudi Cable Co. announces that the Extraordinary General Assembly meeting (Second meeting) non-convention of the Extraordinary General Assembly on 8 Rajab 1443 H corresponding to 9 February 2022 through modern technology.
Indicate the date of the non-convened assembly
2022-02-09 Corresponding to 1443-07-08
City and Location of the General Assembly’s Meeting
Company’s Head office in Jeddah – Via means of modern technology.
Time of the General Assembly’s Meeting
19:30
The reason behind non-convening the assembly
For the lack of a quorum required for the extraordinary assembly to be convened, the attendance rate for the first meeting was (13.91%) and the attendance rate for the second meeting was (13.94%).
Percentage of Attending Shareholders
%13.94
The impact of non-convening the assembly upon matters relating to the recommendations of the board of directors on profits or on the work of the External Auditor (where applicable).
N/A
The impact of non-convening the assembly upon matters relating to the recommendations of the board of directors capital alterations
N/A
Additional Information
Accordingly, the Extraordinary General Assembly meeting was postponed, and will call for a third meeting which will be determined and announced later after obtaining the approval of the relevant authorities.
