Ayyan Postpones GA Meeting to Increase Capital Increase for Quorum Lack

Ayyan Investment Company announced on Thursday the non-convenience of its Extraordinary General Assembly’s meeting that included the Company’s capital Increase (First Meeting and the Second Meeting one hour after the first) due to the lack of quorum for both meetings

The first meeting got attendance of (11.20 %) and the second meeting got attendance of (11.32 %).

If the Company holds a third extraordinary general assembly meeting, and the shareholders of the Company approve the capital Increase in exchange acquiring non-controlling stakes in Al-Ahsa Medical Services Company, the Company will issue 6,904,259 new shares.

Thus, increasing the number of the Company’s Shares from 73,732,069 shares to 80,636,328 shares.

The company said that it will subsequently call for a third extraordinary general assembly meeting that includes the Company’s capital Increase, 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.