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Saudi Automotive Services Company (SASCO) announces the results of the extraordinary general assembly’s meeting which included approval to increase the company’s capital (Second Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Saudi Automotive Services Company (SASCO) is pleased to announce the results of Extraordinary General Assembly Meeting (second meeting), which was held at 9:00 p.m. on Sunday Jun 09, 2024, through modern technology using the Tadawulaty system, and due to the lack of a quorum was completed in the first meeting, The second meeting was held one hour after the time scheduled for the first meeting after the quorum was completed. |
| City and Location of the Extraordinary General Assembly's Meeting | Headquarter of the company, located at Makkah Street - King Abdulaziz District - in Riyadh, through modern technology means via Tadawulaty. |
| Date of the Extraordinary General Assembly's Meeting | 2024-06-09 Corresponding to 1445-12-03 |
| Time of the General Assembly’s Meeting | 21:00 |
| Percentage of Attending Shareholders | 43.13% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | Name of the Board of Directors' Members Present: 1. Mr. Ibrahim Mohammed Alhudaithi (Chairman). 2. Mr. Sultan Mohammed Alhudaithi (Deputy Chairman & managing director). 3. Mr. Nasser Abdullah Alofi. 4. Mr. Majed Mohammed Al - Othman. 5. Mr. Riyadh Saleh AlMalik (CEO). 6. Mr. Faisal Abdullah Aljudaie. 7. Mr. Ali Mohammed Aba Al-Khail. 8. Mr. Majed Nasser Alsubeaei. 9. Mr. Yousef Hamad Alyousefi |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Names of Those Attending on their Behalf | 1. Mr. Ibrahim Mohammed Alhudaithi (Chairman of Executive Committee). 2. Mr. Majed Nasser Alsubeaei (Chairman of Audit Committee). 3. Mr. Ali Mohammed Aba Al-Khail (Chairman of Remuneration & Nominations Committee). |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | As per attachment. |
| Additional Information | For any inquiries, please contact the Investor Relations Department at 011-2068855 ext. 1113, e-mail IR@sasco.com.sa. |
| Attached Documents |  |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 50.85
Net Change 0.85 (+1.7%)
Value Traded (Sar) 15,163,568.57
Volume Traded 299,226
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