Abdullah A. M. Al Khodari Sons Co. invites its shareholders to attend a presentation on the Company’s restructuring plan.
|Announcement Detail||Following the announcement by Abdullah Abdulmohsen Al-Khodari Sons Company (the “Company”) on 01 July 2019 regarding the decision of the Commercial Court in Dammam to commence Financial Restructuring Procedure (“FRP”) according to the Bankruptcy Law upon the request of one of the creditors of the Company, the Board of Directors is pleased to invite the shareholders of the Company to attend a presentation on the Company’s restructuring plans at 5 pm on Monday September 9, 2019 at Mercure Hotel, Al- Khobar (https://goo.gl/maps/8sH5oRqQu8trmCCFA ). |
The presentation will cover the following items:
1- Brief on Financial Restructuring Procedure according to Saudi Bankruptcy Law.
2- The present status of the Company’s FRP including the role of the court-appointed Trustee.
3- The FRP timeline
4- The restructuring options
The outcome of this presentation will be announced in due time.
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.