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Nine PSE listed companies hadn't schedule general assemblies.

2008-04-27

By the forthcoming of the end of the specified legal deadline in the applied companies" law, nine listed companies out of 35 companies did not schedule a date for their annual general assemblies. The law gives the corporations a period of 4 months from the end of financial year in order to appoint the annual assembly; this period ends at April 30 as to call the shareholders at least two weeks before the meeting. So far, 13 companies had convened their general assemblies where 13 other companies had appointed the dates to convene their general meetings, the companies inspector approved some of these meetings to be held in May after the deadline according to special request revealing the delay"s reasons.

 

As for the companies that didn’t schedule the meetings: Quds , ACPC, APC , AIE , GMC, ARAB , JCC, NCI and HOTEL.

 

 

  

 

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