| Introduction |
The Saudi Advanced Industries Company announces that the extraordinary general meeting of the company (the second meeting) have not been held on 19/10/1442 AH corresponding to 31/05/2021 AD, through modern technology means (remotely), due to the lack of quorum The legal requirement for both meetings to take place, as the attendance rate for the first meeting was (18.39%) and the second meeting rate was (18.44%) |
| Indicate the date of the non-convened assembly |
2021-05-31 Corresponding to 1442-10-19 |
| City and Location of the General Assembly’s Meeting |
The company’s headquarter – in Riyadh, by using modern technology |
| Time of the General Assembly’s Meeting |
19:30 |
| The reason behind non-convening the assembly |
The quorum of the meeting is incomplete as the quorum of the second meeting is considered the presence of shareholders representing a quarter of the capital 25% according to the company’s article of association. |
| Percentage of Attending Shareholders |
18.44% |
| The impact of non-convening the assembly upon matters relating to the recommendations of the board of directors on profits or on the work of the External Auditor (where applicable). |
there is no |
| The impact of non-convening the assembly upon matters relating to the recommendations of the board of directors capital alterations |
there is no |
| Additional Information |
The company will subsequently call for a third extraordinary general assembly meeting after setting its date and obtaining the approval of the competent authorities, noting that the third meeting will be held by the shareholders who attended. |
