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 |
Comments