THE SAUDI ARABIAN AMIANTIT COMPANY 1443/03/29 Thu Nov 4, 2021 15:50:25
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| Element List | Explanation |
| Introduction | Reference to the company's announcement on 04/11/2021 that reaching the accumulated losses to 69.11% of capital, Saudi Arabian Amiantit announces about taking the required legal procedures in this regard. |
| Date of the Posting the Company's Announcement that the Accumulated Losses Thereof Reached 50% or more of its Capital on Tadawul's Website | 2021-11-04 Corresponding to 1443-03-29 |
| Date of Notifying the Board of Directors with the Accumulated Loss | 2021-11-04 Corresponding to 1443-03-29 |
| Date the Period given to the Board to Invite the Extraordinary General Assembly for A Meeting Ends as per Article 150 of the Companies Law | 2022-01-03 Corresponding to 1443-05-30 |
| The Deadline for Convening the Extraordinary General Assembly to Address the Accumulated Losses as per Article 150 of the Companies Law | 2022-05-03 Corresponding to 1443-10-02 |
| Non Convening of the Extraordinary Meeting within 45 Days from Board of Directors Knowledge of the Loses or if the Meeting was Convened but No Decision is Taken | According to Royal Order No 15016 on 16/03/1442 H, regarding the holding of perusing some clauses of the Companies' Law issued by Royal Decree No. (M/3) on 28/01/1437 H, the paragraph No2 of article No 150 of Companies' Law dictates that in case on non-conveying the extraordinary assemble within 180 days from the date of it came to the knowledge of board of directors regarding the accumulated losses (which will expire 03/05/2022), or in case the general assemble not resolved the subject matter, the company will be lapsed by the force of the law. |
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.
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Saudi Arabian Amiantit Co. SJSC published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 November 2021 00:57:06 UTC.
