Naseej postpones EGM due to lack of quorum

13/10/2021 Argaam

Naseej International Trading Co. postponed its extraordinary general assembly meeting (EGM) scheduled for Oct. 12, after quorum was not met for first and second meeting, according to a bourse filing.

 

The attendance rate was 23.17% and 23.57% for the first and second meeting, respectively.

 

Shareholders were to vote on increasing the company's capital by SAR 150 million to SAR 211.6 million from SAR 61.6 million, during the EGM. 

 

Naseej will call the third EGM after setting its date and obtaining approvals from the competent authorities, the statement said.

 

If shareholders approve the capital increase during the third meeting, those holding shares on the day of the EGM will be eligible, along with shareholders registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the eligibility date.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.