Saudi Cable Co. announced in a bourse filing that its extraordinary general meeting (EGM) – a second meeting, slated for Feb. 9 – was not held due to lack of quorum.

 

Accordingly, the company will call for a third meeting, the date for which will be determined and announced later after obtaining the approval of the relevant authorities, the statement added.

 

Saudi Cable shareholders were to vote on a board recommendation of a 27.26% capital cut from SAR 360.61 million to SAR 262.31 million to restructure the company’s capital and offset accumulated losses. Shareholders would also vote on a capital hike through SAR 500 million rights issue, data compiled by Argaam showed.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Related News

Saudi Cable shareholders to vote on 27.3% capital cut, SAR 500 mln rights issue on Feb. 9

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request