| Element List |
Explanation |
| Introduction |
The Ninth Circuit of the Commercial Court in Riyadh decided, in today’s session, on Wednesday 20-08-1443 corresponding to 23 - 03 -2022, to accept the proposal to conduct a financial reorganization submitted by the company, and set Thursday 13 - 09 - 1443 corresponding to 04 - 14 - 2022 at 10 pm as the date for the shareholders’ vote On the proposal and on Monday 17-09-1443 corresponding to 18 - 04 - 2022 at 10 pm, the date for the creditors to vote on the proposal. |
| Previous Announcement |
Salim proposed (financial reorganization plan) for the Riyadh Commercial Court |
| Date of Previous Announcement on Tadawul's Website |
2022-02-07 Corresponding to 1443-07-06 |
| Percentage of fulfilled achievement |
100% |
| Event's Expected Completion Date |
Thursday 13 / 09 /1443 corresponding to 14 / 04 /2022 at 10:00 pm as the date for the shareholders’ vote on the proposal, and on Monday 17 / 09 / 1443 corresponding to 18 / 04 / 2022 |
| Reasons for Exceeding the Announced End Date |
nothing |
| The costs associated with the event, and if they have changed or not with indication of the reasons. |
nothing |
| Impact of the Delay on the Company's Financial Results |
nothing |
| Additional Information |
Any further developments in this regard will be announced |
Comments