Date of Announcing that Accumulated Losses Reached 50% or more of the Capital on Tadawul's Website
2020-11-09 Corresponding to 1442-03-23
Date of Announcing the Board Recommendation in Regard to Dealing with Losses on Tadawul's Website
2020-11-10 Corresponding to 1442-03-24
Date of Announcing the Invitation for Extraordinary General Assembly Meeting to Address Accumulated Losses on Tadawul's Website
2020-11-29 Corresponding to 1442-04-14
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 23/12/2020) 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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