Abdullah A. M. Al-Khodari Sons Co. Announces The Commercial Court of Dammam accepted the proposal for financial restructuring and set a date for voting
|Announcement Detail||The First Chamber of the Commercial Court of Dammam decided in the hearing held on Thursday dated 21-11-1442, to accept the proposal for the company's financial restructuring procedure and to set 22/12/1442 As a date for shareholders voting on the proposal and 25-12-1442 as a date for Creditor’s voting on the proposal. |
shareholders voting date on the proposal is 22/12/1442 and Creditor’s voting date on the proposal 25-12-1442.
The company is working on the voting mechanism for creditors and shareholders as per the bankruptcy law (Details will be announced later).
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