Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) invited the shareholders of Solidarity Saudi Takaful to attend the second ordinary general meeting on 30 June, according to a bourse filing.

This move came after the first ordinary meeting held on 16 June was interrupted as the company’s chairman raised objections on the procedures done during the first meeting.

Moreover, CMA decided to suspend trading on the company’s stock on 19 June and trading will be resumed on 20 June.

The ordinary meeting is expected to vote on a number of issues, including the board’s report, FY15 financial statements, and the appointment of new board members.

By the end of May 2016, the company logged SAR 316.2 million accumulated losses, which represent 56.98% of capital.