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Saudi Cable Company announces the submission of the Financial Restructuring Procedure Proposal to the FRP Trustee
| Element List | Explanation |
|---|---|
| Announcement Detail | Referring to the Saudi Cable Company’s announcement on (Tadawul) dated 03/12/1445 corresponding to 09/06/2024, regarding the Fourth Commercial Circuits of the Commercial Court in Jeddah decision, which stated: “The Company must prepare the alternative proposal within 22 days from the date of issuance of this decision corresponding to today 03/12/1445 corresponding to 09/06/2024.” The company made the necessary amendments to the errors contained in the previous financial regulation proposal in terms of form and in terms of subject matter, and after issuing the Board of Directors’ decision to approve it, the company submitted the final amended version to the Financial Restructuring Trustee, Mr. Walid bin Muhammad Subhi, on Saturday 23/12/1445 corresponding to 29/06/2024, supported by complete supporting documents and containing the correct information that ensures that creditors and shareholders alike vote fairly. The company will announce any developments in this regard. |
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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Company Performance
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Last Price 137.0
Net Change -0.3 (-0.22%)
Value Traded (Sar) 1,110,047.9
Volume Traded 8,076
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