Naseej Declares EGM Cancellation Due to Insufficient Quorum

Naseej International Trading Co. announced Sunday that the extraordinary general meeting (EGM) (the first meeting, and the second meeting held one hour afterwards) would not be held, due to the lack of the quorum necessary for holding the two meetings.

The company explained in a statement on Tadawul that the attendance rate for the first EGM was (5.4875%) and for the second meeting (5.54719%).

It indicated that it will later call for the third EGM after setting its date and obtaining the approval of the competent authorities, noting that the third meeting will be held with whomever of the shareholders attends.