SAIC postpones general meeting, which includes capital increase, due to lack of quorum

Saudi Advanced Industries company (SAIC) announced on Monday the Non convening 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, which had supposed to be held virtually through by online means platform on Sunday 11 /12/2022 as the first meeting got attendance of (18,58 %) and the second meeting got attendance of (18.71%).

Saudi Advanced Industries Company (SAIC) 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