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FinancialNews
10-12-19
Shareholders demand Abdullah A. M. Al-Khodari Sons Co. to vote on board dismissal
(MENAFN) On Monday, Abdullah A. M. Al-Khodari Sons Co. (Al Khodari) received a demand from main shareholders, who own almost 5 percent of the company's capital, to launch a general assembly gathering to vote on the current board dismissal.
According to Al-Khodari, the Saudi-based firm informed that it will take the necessary regulatory processes and disclose related updates afterward.
The Saudi Stock Exchange (Tadawul) decided in May to continue a trading stop on shares Al-Khodari until the court issues its judgment about the company's financial reorganization.
MENAFN1012201900450000ID1099398205
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