| Introduction |
Saudi Advanced Industries company announces the Non convening of its Extraordinary General Assembly’s Meeting (First Meeting and the Second Meeting one hour after the first) due to the lack of quorum for both meetings, which had supposed to be held virtually through by online means platform on Wednesday 12/03/1445H Corresponding to 27/09/2023 as the first meeting got attendance of (14.34 %) and the second meeting got attendance of (14.53%) |
| Indicate the date of the non-convened assembly |
2023-09-27 Corresponding to 1445-03-12 |
| City and Location of the General Assembly’s Meeting |
The Company’s headquarter in Al- Riyadh through means of modern technology. |
| Time of the General Assembly’s Meeting |
18:30 |
| The reason behind non-convening the assembly |
Incomplete quorum for the meeting first and the second |
| Percentage of Attending Shareholders |
%14.53 |
| 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 |
Saudi Advanced Industries 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 |
