December 19.. Al Baha shareholders discuss reducing capital by 26.5%
ALBAHA 4130.SA | 0.30 | +7.14% |
Riyadh - Mubasher: Al Baha Investment and Development Company announced today, Thursday, that the Board of Directors has invited shareholders to participate and vote in the Extraordinary General Assembly meeting (third meeting) to reduce capital.
The company explained in a statement on "Tadawul" that the capital after the reduction will record 218.2 million riyals compared to 297 million riyals, at a rate of 26.5%, and the assembly is scheduled to be held on December 19 via modern technology .
She explained that the right to attend is for shareholders registered in the issuer’s shareholders’ register at the Depository Center at the end of the trading session preceding the general assembly meeting, according to the rules and regulations. The shareholder has the right to delegate whomever he chooses from among the company’s board of directors .