Saudi Advanced Industries company announces the non- convening of its Extraordinary General Assembly’s Meeting (First Meeting and the Second Meeting one hour after the first) through means of modern technology.
Saudi Advanced Industries company announces the Non convening of its Extraordinary General Assembly’s Meeting (First Meeting and the Second Meeting one hour after the first) due to the lack of quorum for both meetings, which had supposed to be held virtually through by online means platform on Wednesday 12/03/1445H Corresponding to 27/09/2023 as the first meeting got attendance of (14.34 %) and the second meeting got attendance of (14.53%)
Indicate the date of the non-convened assembly
2023-09-27 Corresponding to 1445-03-12
City and Location of the General Assembly's Meeting
The Company’s headquarter in Al- Riyadh through means of modern technology.
Time of the General Assembly's Meeting
18:30
The reason behind non-convening the assembly
Incomplete quorum for the meeting first and the second
Percentage of Attending Shareholders
%14.53
The impact of non-convening the assembly upon matters relating to the recommendations of the board of directors on profits or on the work of the External Auditor (where applicable).
There is no
The impact of non-convening the assembly upon matters relating to the recommendations of the board of directors capital alterations
There is no
Additional Information
Saudi Advanced Industries Company will subsequently call for a third extraordinary general assembly meeting, after setting its date and obtaining the approval of the competent authorities, noting that the third meeting will be held by the shareholders who attended
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