Hail Cement Co. Announces the Non convenience of its ( Second Meeting ) Extraordinary General Assembly’s Meeting Meeting
|Introduction ||Hail Cement Company announces Non-Convening of the Extraordinary General Assembly Meeting (First & Second Meeting) which was to be held on Thursday 8 Jamad Al-thanyah 1442H corresponding to 21 January 2021G. (virtually) through Tadawulaty website, for the safety of shareholders and in the support of preventive and precautionary efforts and measures applied by the competent and relevant health authorities to address the emerging corona virus (COVID-19), and as an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread. |
due to the lack of quorum for both meetings, as the first meeting got attendance of (17.30%) while the second meeting got attendance of (17.32%), so it is decided to shift to the third meeting which will be announced later after getting necessary approvals from the concerned parties.
|Indicate the date of the non-convened assembly ||2021-01-21 Corresponding to 1442-06-08 |
|City and Location of the General Assembly's Meeting ||HCC Headquarter, Hail City |
|Time of the General Assembly's Meeting ||18:30 |
|The reason behind non-convening the assembly ||Lack of Quorum required for both First and Second Meeting after one hour. |
|Percentage of Attending Shareholders ||Percentage of the attending shareholders: |
The attendance percent for the first meeting was (17.30%) while the attendance percent for the second meeting was (17.32%).
|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). ||None |
|The impact of non-convening the assembly upon matters relating to the recommendations of the board of directors capital alterations ||None |
|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. |
|Attached Documents|| |
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