Enma Alrawabi Postpones Meeting of GA Due to Lack of Quorum

Enma Alrawabi Company announced on Monday that the first ordinary general assembly meeting (the first meeting) was not held on May 08, 2022, at the company’s headquarters in Riyadh due to the lack of a quorum necessary to hold the assembly as the attendance rate for the first meeting was 17.87%.

The quorum of the meeting as the meeting of the Ordinary General Assembly is not valid unless attended by shareholders representing at least a quarter of the company’s capital 25%.

The eligibility for profits is for shareholders who own shares at the end of trading on the day of the first general assembly (the second meeting) of the company and who are registered in the company’s shareholders register with the Securities Depository Centre Company, at the end of the second trading day following the date of the assembly, which will be determined later, after obtaining the approval of the competent authorities.

The company will later call for the first ordinary general assembly meeting (the second meeting) after setting its date and obtaining the approval of the competent authorities, bearing in mind that the second meeting will be held, whatever the number of shares present from the shareholders.