Arabtec said on Monday that, upon a request submitted by shareholders representing more than 5% of the share capital of «Arabtec Holding», adding two items to the agenda of the company’s general assembly scheduled for November 30th.
Canceling the General Assembly resolution voted on September 30, 2020, which is the decision on the non-continuity of the company and authorizing the Board of Directors to apply to the court to declare bankruptcy and liquidate it, and to approve, according to a special decision, the continuity and restructuring of the company.
The cancellation of the decision issued by the General Assembly for the last year, held in 2020, regarding the release of liability for members of the Board of Directors and auditors, approval to file a liability lawsuit against members of the Board and auditors, and to authorize the shareholders, Ahmed Nasser Abdul Rahim and Luay Adnan Dahan, to take action in this regard.
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