MESC disapproves transactions and contracts concluded with relevant parties

Middle East Specialized Cables Co. announced the results of the Ordinary General Assembly meeting (Second Meeting) after completing the legal quorum required for validity of the meeting.

Voting results:

Disapproval on the transactions and contracts that concluded between the Company and the Middle East Fiber Cable Manufacturing Co. (MEFC) in which BOD members Eng. Suliman Mohammed Alnamlah (nonexecutive member), have direct interest which is about providing services and businesses. The value of these transaction during 2022 amounting to SAR 948,315.