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Saudi Cable Company announces the latest updates regarding the previous Company announcement regarding invite shareholders to attend the voting meeting on the financial restructuring proposal
| Element List | Explanation |
|---|---|
| Introduction | Referring to the previous announcement from the Saudi Cable Company on 08/11/1445 corresponding to 16/05/2024 regarding invite shareholders to attend the voting meeting on the financial restructuring proposal, based on the decision issued by the Bankruptcy Circuit of the Commercial Court in Jeddah regarding Bankruptcy Case No. (103 dated 1444 AH). Based on the company’s objection to it at the Appeal Court on 20/11/1445, corresponding to 28/05/2024 which announced in Tadawul on 21/11/1445 corresponding to 29/05/2024; Saudi Cable Company announces the decision of the Board of Directors, based on the recommendation of the Financial Restructuring Trustee, the postponement of the date for shareholders voting on the financial restructuring proposal, which scheduled next Tuesday, corresponding to 04/06/2024, until the company’s objection to it is decided by the Appeal Court. The company will announce the new voting date after the Appeal Court ruling is issued. |
| Previous Announcement | The previous Company announcement regarding invite shareholders to attend the voting meeting on the financial restructuring proposal |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-05-16 Corresponding to 1445-11-08 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Saudi Cable Company announces the decision of the Board of Directors, based on the recommendation of the Financial Restructuring Trustee, the postponement of the date for shareholders voting on the financial restructuring proposal, which scheduled next Tuesday, corresponding to 04/06/2024, until the company’s objection to it is decided by the Appeal Court. The company will announce the new voting date after the Appeal Court ruling is issued. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There are no costs associated with the event at the moment, the financial impact will be disclosed later if it exists. |
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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