Naseej International Trading Co. Announces the Results of the Extraordinary General Assembly Meeting Which included Approving company's Capital Decrease (Third Meeting) by means of modern technology.
| Element List | Explanation |
|---|---|
| Introduction | Naseej International Trading Company announces the results of the Extraordinary General Assembly meeting which included the approval to reduce the company's capital (Third meeting) through modern technology, The Extraordinary General Assembly meeting (the third meeting) shall be valid if attended by shareholders, regardless of the number of shares represented in it. |
| City and Location of the Extraordinary General Assembly's Meeting | Via modern technology means from the company Head Office - Jeddah Industrial City – Phase 4 - Factory (1). |
| Date of the Extraordinary General Assembly's Meeting | 2022-07-18 Corresponding to 1443-12-19 |
| Time of the Extraordinary General Assembly's Meeting | 18:30 |
| Percentage of Attending Shareholders | % 18.60 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The Assembly's meeting was attended by the following board members:
Dr. Waiel Saad Al Rashid (Chairman) Dr. Ahmed Sirag Khogeer (Deputy Chairman) Mr. Nasser Saleh Alsorayai Mr. Rasheed Sulaiman Alrasheed Eng. Abdullah Yahia Fitaihi Mr. Abdulrahman Ibrahim Alhadlaq |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Names of Those Attending on their Behalf | Mr. Rasheed Sulaiman Alrasheed (Audit Committee Chairman)
Mr. Abdulrahman Ibrahim Alhadlaq ( Nominations and Remuneration Committee Chairman) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Approval on the Board of Directors’ resolution to reduce the capital to be as below:
- Capital before reduction: (211,632,010) Saudi riyals. - Capital after reduction: (108,973,010) Saudi riyals. - Capital reduction percentage: 48.51 % . - Number of shares before the reduction: (21,163,201) shares. - Number of shares after reduction: (10,897,301) shares. - Reason for capital reduction: Amortization of accumulated losses in the amount of (102,659,000) Saudi riyals. - Method of capital reduction: Cancellation of (10,265,900) shares of the company's shares, (0.485) shares will be reduced for every (1) share - The impact of the capital reduction on the company’s obligations: Capital decrease will not impact the Company financial obligations - Date of reduction: The reduction decision will be effective on the shareholders of the company who own shares on the day of the extraordinary general assembly who are registered in the company’s shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the extraordinary general assembly that was decided in which the capital reduction. - Amending Article Seven (7) of the company’s articles of association related to capital. - Amending Article Eight (8) of the company’s articles of association related to subscribing to shares . |
| Additional Information | For any inquire please contact Investor Relations at: phone No. (6222608) and the Investor Relations Department’s email address, at Email: [email protected] |
Comments