Saudi Chemical Postpones EGM Due to Insufficient Quorum

CHEMICAL

CHEMICAL

2230.SA

0.00

Saudi Chemical Company Holding announced on June 23, 2026 the non-convening of its Extraordinary General Assembly's second meeting scheduled for June 22, 2026. Both the first meeting (scheduled at 19:00) and second meeting (scheduled at 20:00) failed to achieve the required legal quorum, with only 19.9% shareholder attendance for each meeting. The meetings were to be held via modern technology means from the company's Riyadh head office. The company will postpone and schedule a third extraordinary general assembly meeting after obtaining relevant regulatory approvals, which will be valid regardless of the number of shares represented.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96287&anCat=1&cs=2230&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.