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Saudi Paper Manufacturing Co. Announces Deadline for Convening the Extraordinary General Assembly Meeting to Address Accumulated Losses

SPM 2300 -0.27% 36.55 -0.10
Element List Explanation
Introduction No English Translation, See Arabic version
Date of Announcing that Accumulated Losses Reached 50% or more of the Capital on Tadawul's Website 2019-09-30 Corresponding to 1441-02-01
Date of Announcing the Board Recommendation in Regard to Dealing with Losses on Tadawul's Website 2019-10-10 Corresponding to 1441-02-11
Date of Announcing the Invitation for Extraordinary General Assembly Meeting to Address Accumulated Losses on Tadawul's Website 2019-10-30 Corresponding to 1441-03-02
Non Convening of the Extraordinary Meeting within 45 Days from Board of Directors Knowledge of the Loses or if the Meeting was Convened but No Decision is Taken In case the above mentioned Extraordinary General Assembly Meeting is not Convened within 45 Days from the date of the Board of Directors’ Knowledge of the Losses (Which Ends on 13/11/2019) or in Case the Meeting is Convened but No Decision is Taken, the Company will be Considered Dissolved by Force of Law as per Article 150 of the Companies Law.
Subscription to the Increase in Capital in Full within 90 Days from the Date of the Decision of the General Assembly Not Applicable
Voting on the General Assembly's Meeting Agenda Company would Like to Draw Your Attention to the Importance of Shareholder’s Attendance to the Extraordinary General Assembly’s Meeting or to Cast Their E-votes on the General Assembly’s Meeting Agenda so as to Avoid the Lapse of the Period Specified to Convene the Meeting

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