Saudi Cable Co. Announces the Non convenience of its Extraordinary General Assembly’s Meeting regarding Capital Decrease and Increase (Second Meeting).
|Introduction||Saudi Cable Co. announces that the Extraordinary General Assembly meeting (Second meeting) non-convention of the Extraordinary General Assembly on 8 Rajab 1443 H corresponding to 9 February 2022 through modern technology.|
|Indicate the date of the non-convened assembly||2022-02-09 Corresponding to 1443-07-08|
|City and Location of the General Assembly's Meeting||Company's Head office in Jeddah – Via means of modern technology.|
|Time of the General Assembly's Meeting||19:30|
|The reason behind non-convening the assembly||For the lack of a quorum required for the extraordinary assembly to be convened, the attendance rate for the first meeting was (13.91%) and the attendance rate for the second meeting was (13.94%).|
|Percentage of Attending Shareholders||%13.94|
|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||Accordingly, the Extraordinary General Assembly meeting was postponed, and will call for a third meeting which will be determined and announced later after obtaining the approval of the relevant authorities.|
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