Naseej International EGA meeting on Capital increase cancelled due to insufficient quorum

Naseej International Trading Co. announced the non-convenience of its (First Meeting and the 2nd meeting one hour after the first) Extraordinary General Assembly meeting that included the company’s capital increase because the quorum required for each of the two meetings had not been completed.

The company would like to clarify that the effect of the non-convening of the EGAM regarding the recommendations of the board of directors about the change in the capital is that the company will later invite the third meeting to be held with the shareholders who attended. Suppose the shareholders of the company agree at the EGAM to increase capital. In that case, eligible shareholders are those holding shares on the day of convening the Extra-Ordinary General Assembly and who are registered in the shareholders’ registry with the Securities Depository Centre Company (“Edaa”) at the end of the second trading day following the date of the extraordinary general assembly.

The company will later invite the third extraordinary general assembly meeting after setting its date and obtaining the approval of the competent authorities, knowing that the third meeting will be held with the shareholders who attended.