Abdullah A. M. Al-Khodari Sons Co. (Al Khodari) on Monday received a request from major shareholders, who own almost 5% of the company's capital, to hold a general assembly meeting to vote on the existing board dismissal.

 

The Saudi-based firm noted that it will take the required regulatory procedures and disclose relevant updates later on, Al-Khodari said in a bourse statement.

 

In May, the Saudi Stock Exchange (Tadawul) decided to maintain a trading halt on shares Al-Khodari until the court issues its decision about the company’s financial reorganization, Argaam reported.

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