Saudi Arabian Amiantit Co. could be shut down on Sept.14, under the Saudi Companies Law, if it fails to hold an extraordinary general assembly meeting within 45 days from the date its board of directors was informed of losses, the Saudi firm said in a bourse filing.

 

Amiantit’s shareholders are set to vote on a 70.2 percent capital cut to SAR 344.52 million from SAR 1.155 billion to offset accumulated losses during the extraordinary general assembly meeting that will be held on Sept. 8, 2019, as reported by Argaam.

 

Read: Amiantit recommends 70.2% capital cut to offset losses

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.

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request