Riyadh – Mubasher: Future Vision for Health Training Company’s board of directors has invited shareholders to an extraordinary general meeting (EGM) to vote on the issuance of SAR-denominated sukuk.
The meeting, scheduled for 28 October at 18:30, will be conducted via modern technology.
Shareholders will vote on establishing a SAR-denominated sukuk program and the subsequent private placement of sukuk valued at SAR 3 million.
The board has also proposed the appointment of Asbar Financial as the financial advisor and sole arrangement manager for the potential program and issuance.
The meeting requires a legal quorum of shareholders representing at least 50% of the company's SAR 20 million capital. If the first meeting fails to reach this threshold, a second session will be held one hour later with a reduced quorum requirement of 25%.
Electronic voting for the assembly is scheduled to begin at 01:00 on 24 October, through the Tadawulaty platform.
Registered shareholders as of the end of the trading session preceding the EGM are eligible to attend and vote on the agenda items.
