Saudi Cable Co. announced in a bourse filing that its extraordinary general meeting (EGM) – a third meeting- will be held with the attending quorum.
In case shareholders approve the board’s recommendation to reduce/increase capital, shareholders of record on the EGM date and those registered at Edaa on the second trading day after the EGM will be entitled for the capital reduction/increase.
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
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}