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Abdullah Abdul Mohsen Al Khodari Sons Company announced that she would not be able to issue the recommendation of the board of directors at the extraordinary shareholders' meeting regarding the accumulated losses and to convene this meeting within 15 days of the date on which the Council became aware of it.
The company's management is still in contact with a number of consultants to get their proposals on the best mechanism for dealing with the accumulated losses of the company, indicating that it will announce the recommendation of the board of directors regarding the accumulated losses and will convene the extraordinary general meeting. To be summoned at the time.
On March 29, 2019, the Extraordinary General Assembly held its last day declaring that the company was considered a loser of power if the Extraordinary General Assembly did not meet during the prescribed period or if it could not take a decision on this subject.
According to data available on "Numbers"Abdulla Mohsen Al Khodari Sons Company announced that its cumulative losses amounted to 198.52% of the share capital on February 12, 2019. The board of directors of the company was informed that the accumulated losses occurred. amounted to 1.11 billion rupees.
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