Abdullah A. M. Al-Khodari Sons Co. Announces of the Results of creditors voting meeting on the financial restructuring proposal under the Saudi bankruptcy law through modern technology methods.
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| Announcement Detail | Abdullah A. M. Al-Khodari Sons Company (the Company) announces the results of the creditors’ voting meeting on the financial reorganization proposal of the company under the bankruptcy law, which was held under the supervision of the trustee who was appointed by the Commercial Court in Dammam, Mr. Badr bin Hatim Al-Tamimi, the meeting was held through modern technology means in support of preventive and precautionary efforts and measures by the competent and relevant health authorities to counter the emerging of corona virus (COVID-19) and as an extension of the continuous efforts made by all government entities in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread, the voting on the proposal has begun on Wednesday 482021 from 10 AM until 1 pm of the same day, then a meeting was held to announce the results at exactly 7pm on Wednesday, 12/25/1442 AH corresponding to 4/8/2021 AD
The result of the vote was reject the financial reorganization proposal of the company. The results of the creditors' vote for each category will be submitted to the First Commercial Circuit in the Commercial Court in Dammam in accordance with the bankruptcy law. |
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