| Introduction |
Wafrah for Industry and Development Co. announces non-convening of the Extraordinary General Assembly Meeting that includes increasing its capital (First & Second Meetings) held in its Head office in the 3rd Industrial city, Riyadh on Monday 15-10-1443, corresponding to 16-05-2022, by modern technology means for not reaching the required quorum. It was decided to postpone the assembly and call for a third meeting which will be announced after attaining the required approvals as per the regulations. |
| Indicate the date of the non-convened assembly |
2022-05-16 Corresponding to 1443-10-15 |
| City and Location of the General Assembly’s Meeting |
company head office 3rd. industrial city Riyadh |
| Time of the General Assembly’s Meeting |
20:00 |
| The reason behind non-convening the assembly |
for not reaching the required quorum in both meetings |
| Percentage of Attending Shareholders |
first meeting 16.949 %, and second meeting 17.145% |
| The impact of non-convening the assembly upon matters relating to the recommendations of the board of directors on profits or on the work of the External Auditor (where applicable). |
N/A |
| The impact of non-convening the assembly upon matters relating to the recommendations of the board of directors capital alterations |
In case of approval of capital increase by shareholders in the third extraordinary assembly, the decision will apply to all shareholders registered at Edaa Center Registry at the end of the second trading day following the convening of the extraordinary general assembly in which the capital increase was approved. |
| Additional Information |
It was decided to postpone the assembly and call for a third meeting which will be announced after attaining the required approvals as per the regulations. The meeting will be held regardless of the number of shares represented in it. |
