Al Ahsa Development postpones EGM on lack of quorum

22/12/2019 Argaam

 

Al Ahsa Development Co. had to postpone its first and second extraordinary general assembly meetings on Thursday due to lack of quorum, the company said in a statement to Tadawul.

 

The firm will announce a new date for the meeting after obtaining the required regulatory approvals, the statement added.

 

Al Ahsa Development Co.’s shareholders were set to vote on a 34% capital hike to SAR 737.32 million from SAR 490 million during the extraordinary general assembly meeting in order to fully acquire Al Salam Medical for under a share swap deal, according to data compiled by Argaam.

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