Alfakhera for Mens Tailoring Co. Announces an update on Al Fakhera Men's Tailoring Company announces the results of the Ordinary General Assembly Meeting (first meeting)
| Element List | Explanation |
|---|---|
| Previous Announcement | Al Fakhera Men's Tailoring Company announces the results of the Ordinary General Assembly Meeting (first meeting) |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-06-16 Corresponding to 1446-12-20 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Due to the non-approval of Item No. (10), the related Board members have decided as follows:
Mr. Suleiman bin Hamad Al-Yahya – Chairman of the Board Mr. Hamad bin Suleiman Al-Yahya – Vice Chairman of the Board to withdraw from the contract concluded between Al Fakhera Men’s Tailoring Company and Suleiman bin Hamad Al-Yahya Real Estate & Contracting Company for the fiscal year ended on 31/12/2024, in accordance with paragraph (b) of Article 67 of the Implementing Regulations of the Companies Law for listed joint stock companies. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Additional Information | The financial impact of withdrawing from this contract will be reflected in the annual financial statements ending on 31/12/2025. |
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