Al-Asmak assembly delayed over quorum

The Saudi Fish Company announced the postponement of its extraordinary general assembly due to the lack of the required legal quorum. The first and second sessions were scheduled, but attendance did not exceed 14.10%, whereas a 25% attendance was necessary for the meeting to proceed. The assembly was set to discuss changes to the company’s capital, but its postponement has no immediate financial impact on the recommendations. A new date for the assembly will be set later after completing the regulatory procedures.

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