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Saudi Vitrified Clay Pipes Co. announces the non-convening of the Extraordinary General Assembly’s Meeting Includes Capital Change of the Company (Second Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Saudi Vitrified Clay Pipes Company announces the non-convening of the Extraordinary General Assembly Meeting (First and Second Meetings), which were scheduled to be held at 19:15 and 20:15 on Sunday, 28-12-1447H corresponding to 14-06-2026G, via modern technology through the Tadawulaty system. This is due to the failure to achieve the required legal quorum for both meetings, as the attendance percentage reached 17.53973% for the First Meeting and 17.53973% for the Second Meeting. Accordingly, it has been decided to postpone the meeting and invite shareholders to a third meeting, which will be determined and announced later after obtaining the necessary approvals from the relevant authorities. |
| Indicate the date of the non-convened assembly | 2026-06-14 Corresponding to 1447-12-28 |
| City and Location of the General Assembly's Meeting | By means of modern technology from the Company’s headquarters in Riyadh through the Tadawulaty system at www.tadawulaty.com.sa. |
| Time of the General Assembly’s Meeting | 20:15 |
| The reason behind non-convening the assembly | The Required Legal Quorum Was Not Achieved for the Meeting |
| Percentage of Attending Shareholders | 17.53973 |
| 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 later invite shareholders to the third Extraordinary General Assembly Meeting after determining its date and obtaining the necessary approvals from the relevant authorities. It is noted that the third meeting will be valid regardless of the number of shares with voting rights represented therein. |
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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