Fitaihi Announces the Start of the Creditors’ Objection Period Related to the Company’s Capital Reduction (that exceeds the Company’s need)
| ELEMENT LIST | EXPLANATION |
|---|---|
| Announcement Detail | With regards to the announcement of Fitaihi Holding Group on Thursday 8 July 2021 published on the Tadawul website regarding the results of the Extraordinary General Assembly Meeting of Fitaihi Holding Group (Second Meeting), held on Wednesday, 7 July 2021, which included the approval on the capital reduction of the Company (that exceeds the Company’s need), Fitaihi Holding Group announces the start of the (Creditors’ Objection Period) in accordance with the provisions of Article (145) of the Companies Law. Accordingly, any creditor of Fitaihi Holding Group has the right to object to the reduction process during the Objection Period by sending a registered letter to the Head Office of Fitaihi Group Holding located in Jeddah, Madinah Road, next to Fitaihi Center (P.O. Box 2606 – Jeddah 21461). The (Creditors’ Objection Period) will start from Thursday 8 July 2021 for a period of sixty (60) days ending at the end of Sunday 5 September 2021. For more details about the capital reduction process, please read the (Shareholders’ Circular) issued by Fitaihi Holding Group. |
