No English translation, kindly refer to the Arabic version
Date of the Posting the Company's Announcement that the Accumulated Losses Thereof Reached 50% or more of its Capital on Tadawul's Website
2019-11-25 Corresponding to 1441-03-28
Date of Notifying the Board of Directors with the Accumulated Loss
2019-11-25 Corresponding to 1441-03-28
Date the Period given to the Board to Invite the Extraordinary General Assembly for A Meeting Ends as per Article 150 of the Companies Law
2019-12-09 Corresponding to 1441-04-12
The Deadline for Convening the Extraordinary General Assembly to Address the Accumulated Losses as per Article 150 of the Companies Law
2020-01-08 Corresponding to 1441-05-13
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 XX/XX/XXXX) 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.
Additional Information
No English translation, kindly refer to the Arabic version
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