Al Khodari receives shareholders’ request to vote on board dismissal

Abdullah A. M. Al-Khodari Sons Co. (Al Khodari) on Monday received a request from major shareholders, who own almost 5% of the company's capital, to hold a general assembly meeting to vote on the existing board dismissal.

The Saudi-based firm noted that it will take the required regulatory procedures and disclose relevant updates later on, Al-Khodari said in a bourse statement.

In May, the Saudi Stock Exchange (Tadawul) decided to maintain a trading halt on shares Al-Khodari until the court issues its decision about the company’s financial reorganization, Argaam reported.