TADCO postpones EGM on lack of quorum

20/02/2020 Argaam

 

Tabuk Agricultural Development Co. (TADCO) said in a bourse statement on Thursday that its extraordinary general assembly (EGM) slated for Feb. 19 was not held due to the lack of quorum.

 

The company will announce a new date for the general meeting after obtaining the required regulatory approvals, the statement added.

 

The EGM was called to vote on reducing capital by 46.27% from SAR 450 million to SAR 241.76 million, Argaam reported earlier.

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