Saudi Vitrified Clay Pipe Co. announces the non-convening of the Extraordinary General Assembly’s Meeting of the Company (Second Meeting )

Wednesday, 16 October 2024

Element ListExplanation
Introduction Saudi Vitrified Clay Pipe Co. announces that the extraordinary general meeting of the company (the first meeting and second meeting after an hour) was not being held on 27/03/1446 AH corresponding to 30/09/2024 AD, through modern technology means (remotely), due to the lack of quorum necessary to hold both meetings as the attendance rate for the first meeting was (9.02%) and the second meeting rate was (9.11%)
Indicate the date of the non-convened assembly 2024-09-30 Corresponding to 1446-03-27
City and Location of the General Assembly's Meeting Through modern technology means from company headquarter in Aqaria Siteen – Al Malaz – Riyadh (using Tadawulaty system)
Time of the General Assembly’s Meeting 20:00
The reason behind non-convening the assembly Insufficient quorum for the meeting, as the extraordinary general assembly meeting, is not valid unless attended by shareholders representing at least a quarter of the capital.
Percentage of Attending Shareholders 9.11%
Additional Information The company will subsequently call for a third extraordinary general assembly meeting after setting its date and obtaining the approval of the competent authorities, noting that the third meeting will be held by the shareholders who will attend.

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