The Saudi Cable Company announces that the Extraordinary General Assembly meeting (first and second meeting after an hour) were not held on Thursday 12/01/2023, in person presence and through modern technology at the company’s headquarters, due to the lack of the quorum required for convening both meetings to be held, as the attendance percentage for the first meeting reached (11.30%) and (12.39%) for the second meeting.
Indicate the date of the non-convened assembly
2023-01-12 Corresponding to 1444-06-19
City and Location of the General Assembly’s Meeting
In person presence at the company’s headquarters and through modern technology
Time of the General Assembly’s Meeting
19:30
The reason behind non-convening the assembly
The lack of quorum required for convening both meetings.
Percentage of Attending Shareholders
The attendance percentage for first reached (11.30%) and reached (12.39%) for the second meeting.
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).
Not Applicable
The impact of non-convening the assembly upon matters relating to the recommendations of the board of directors capital alterations
Not Applicable
Additional Information
It was decided to postpone the assembly and call for a third meeting to be determined and announced later after obtaining the required approval from competent authorities, noting that the third meeting will be held by the shareholders who attended.
