Development Works Food EGM rejects capital hike proposal

07/12/2023 Argaam

Development Works Food EGM rejects capital hike proposal

Logo of Development Works Food Co.

Development Works Food Co.'s shareholders rejected the board’s recommendation to increase capital through a SAR 216 million rights offering, during an extraordinary general meeting (EGM) held on Dec. 6.

 

The company said in a statement on Tadawul that the EGM refused to approve amending the company’s bylaws in accordance with the new companies’ bylaws.

 

Meanwhile, shareholders agreed to amend Article No. 7 of the company’s bylaws, related to the capital, and Article No. 8 related to subscription to shares.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read