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Al babtain Power and Telecommunication company announces the Non convenience of its Extraordinary General Assembly’s Meeting that include capital increase (First and Second Meeting after an hour from first meeting) through the modern technology means.
2320
ALBABTAIN
-1.38
%
1445/02/04 20/08/2023 08:01:05
| Element List | Explanation |
|---|---|
| Introduction | Al babtain Power and Telecommunication company announces that non convenience of its Extraordinary General Assembly meeting, that include capital increase (First and Second Meeting after an hour from first meeting), on Thursday 01/02/1445 H corresponding to 17/08/2023, has not been held due to the lack of the necessary quorum, Based on that, it was decided to postpone the General Assembly and call for a third meeting, which will be determined and announced later after obtaining the approval of the competent authorities. |
| Indicate the date of the non-convened assembly | 2023-08-17 Corresponding to 1445-02-01 |
| City and Location of the General Assembly's Meeting | Corporate Office – Riyadh City through the modern technology means |
| Time of the General Assembly's Meeting | 19:30 |
| The reason behind non-convening the assembly | Quorum required has not been completed |
| Percentage of Attending Shareholders | The attendance rate for the first meeting 18,42% and the attendance rate for the second meeting18,95% |
| 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 | The company will be working to call for a third extraordinary general assembly meeting after defining its date and obtaining the approval of the competent authorities, noting that the third meeting will be held by the shareholders who attended. |
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 64.3
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