Saudi Advanced Industries Company announces that it has received a letter from shareholders owning more than 5% of its capital.

• Date : 2021-06-20

ELEMENT LIST

EXPLANATION

Announcement Detail

Saudi Advanced Industries Company (the company) announces that it has received a letter from some shareholders who own shares representing 5.06% of the company’s capital requesting that regular procedures be taken to disband the company’s board of directors and re-elect new board members.    Accordingly, the company will take the necessary regular procedures regarding the above-mentioned request, and any developments in this regard will be announced in due course.