Cenomi Centers shareholders approve amending fiscal year

Logo of Arabian Centres Co.'s (Cenomi Centers)

Arabian Centres Co.'s (Cenomi Centers) shareholders approved amending Article 45 of the Articles of Association related to the fiscal year during the extraordinary general meeting (EGM) held on Dec. 28, according to a statement to Tadawul.

The article before the amendment read as follows: "The company's fiscal year starts from April 1, and ends in March of each year. The company's first fiscal year, after conversion, will commence as of the date of the company's registration in the commercial register and will end at the end of March of the following Gregorian year".

After the amendment, the article will state: "The company's fiscal year starts on the first day of January and ends on the last day of December of each year."