Postponing the general assembly of “Arabtec” to next Wednesday – the...

Postponing the general assembly of “Arabtec” to next Wednesday – the...
Postponing the general assembly of “Arabtec” to next Wednesday – the...

Arabtec Holding announced the postponement of the company’s general assembly meeting, which was scheduled to take place last Thursday, to Wednesday 30 September 2020.

The company stated, in a disclosure to the Financial Market today, that the reason for the delay is due to the lack of a quorum required for holding the general assembly.

It is decided that the General Assembly will discuss all the options available to the company, whether in continuity, dissolution or otherwise in light of the current situation, and according to the provisions of the Commercial Companies Law and its amendments, and the laws, decisions and regulations in force in the country, and authorizing the Board of Directors to implement the option that is approved in the meeting and presenting to the competent authorities Requests required by the laws in force in the state.

The General Assembly will also discuss during its meeting the report of the Board of Directors on its financial position and the obligations owed by it.

The appointment process implemented by the Board of Directors for Walid Al Muhairi as a non-executive Board Member will also be discussed.


Follow the economic statement via Google News

Print
Email

Twitter
LinkedIn
Pin Interest
Whats App

These were the details of the news Postponing the general assembly of “Arabtec” to next Wednesday – the... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Appointing a new head of the Commercial International Bank
NEXT More than 100 Dutch Tesla drivers join the claim