تعلن شركة الكابلات السعودية عن استقالة عضوين من لجنة المراجعة بناء على طلب الشركة الاستقالة منها

Saudi Cable Company Announces Resignation of two members of the Audit Committee Based on the company's Request to Resign from it 2110 SAUDI CABLE 0.57 % 1445/11/11     19/05/2024 09:13:58 Introduction Saudi Cable Company announces the resignation of the two members, Mr. Majid Bin Diaa Al-Din Karim and Mr. Muhammad bin Hassan Daghestani, from the Audit Committee, starting on 10/11/1445, corresponding to 18/05/2024, based on the request of the Chairman of the Audit Committee, due to that they did not disclose the signing of an existing debt capitalization agreement with the company. As the two members signed two separate agreements to transfer two debts with an original amounting to 12,450,320 riyals, and they obtained a discount from the creditor and paid to the creditor an amount of 6,655,522 riyals in exchange for an agreement with the company to issue 1,245,032 shares to them at nominal value (ten riyals) as part of the financial restructuring plan. The former CEO, Mr. Nael Fayez, signed the agreement with them without having any authority or authorization to determine the share price, and the two members did not disclose this agreement to the Board of Directors and the General Assembly of the company. Accordingly, the Board of Directors decided to accept their resignation graciously and cancel the agreement signed with them. The fourth paragraph of Article Five of the Company’s "Conflict of Interest Policy and Code of Conduct and Ethics regulations" stipulates: (If a member of the Board of Directors or a member of one of committees did not disclose his interest, the Company or any interested party may demand before the competent judicial authority to invalidate the contract or oblige the member to perform any He gained profit or benefit from that, and the company may terminate his membership - if he is not a member of the Board of Directors - or terminate his employment contract, and if he is a member of the Board of Directors, the Board of Directors may recommend to the general assembly to remove him). The text of the resignation of the two members stated that they resigned due to work commitments and personal circumstances, wishing the company success and prosperity. The company confirms that it will take the necessary legal procedures against those who violate the company's interests and the rights of its shareholders, according to the applicable regulations, which protect the company's rights and the interests of its shareholders. Name of Resigning Member Mr. Majid bin Diaa Al-Din Karim Resignation Submission Date 2024-05-18 Corresponding to 1445-11-10 Resignation Effective Date 2024-05-18 Corresponding to 1445-11-10 Reasons for Resignation Based on the request of the Chairman of the Audit Committee, for not disclosing the signing of an existing debt capitalization agreement with the Company. Resigning Member Start Date 2024-04-04 Corresponding to 1445-09-25 Name of Resigning Member Mr. Muhammad bin Hassan Daghestani Resignation Submission Date 2024-05-18 Corresponding to 1445-11-10 Resignation Effective Date 2024-05-18 Corresponding to 1445-11-10 Reasons for Resignation Based on the request of the Chairman of the Audit Committee, for not disclosing the signing of an existing debt capitalization agreement with the Company. Resigning Member Start Date 2024-04-04 Corresponding to 1445-09-25 The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. Share Previous Announcements Saudi Cable Co. announces its Annual Financial results for the period ending on 2025-12-31 Saudi Cable Co. announces its Annual Financial results for the period ending on 2025-12-31 2110 SAUDI CABLE 0.57 % 1447/10/12     31/03/2026 15:50:04 Saudi Cable Company Announces the Latest Developments of the Company's Previous Announcement Including the Rescheduling of the Interest-Free Loan Offered by Mr. Ibrahim Al-Rajhi Saudi Cable Company Announces the Latest Developments of the Company's Previous Announcement Including the Rescheduling of the Interest-Free Loan Offered by Mr. Ibrahim Al-Rajhi 2110 SAUDI CABLE 0.57 % 1447/09/23     12/03/2026 09:25:04 Saudi Cable Company Announces the Latest Developments of the Company's Share Capital Increase File with the Capital Market Authority Through Rights Issue Offering Saudi Cable Company Announces the Latest Developments of the Company's Share Capital Increase File with the Capital Market Authority Through Rights Issue Offering 2110 SAUDI CABLE 0.57 % 1447/09/23     12/03/2026 08:04:36 View all announcements Company Performance SAUDI CABLE Add To Watchlist In your Watchlist Add To Watchlist Zoom 1D 1M 3M 1Y 3Y 5Y Inception Created with Highcharts 10.0.0 Highcharts Stock Responsive Chart Click small/large buttons or change window size to test responsiveness 10:40 10:50 10:10 10:45 156.5 156.75 157 157.25 157.5 157.75 158 158.25 158.5 Zoom Zoom ▾ 1M 3M 1Y 3Y 5Y Inception Apr 12, 2026 → Apr 12, 2026 Key Parameters Last Price 158.5 Net Change 0.9 (+0.57%) Value Traded (Sar) 287,176.7 Volume Traded 1,822 See The Company Profile Upcoming Calendar Dates 2110 SAUDI CABLE Bonus Shares| 2096-12-21 2110 SAUDI CABLE Rights Issue| 2096-12-20 2110 SAUDI CABLE Bonus Shares| 2092-05-26 LoginPortletPopupv2 /wps/contenthandler/!ut/p/digest!gpTzfu0y7pKMM5EQEGO1-w/pm/oid:--portletwindowid--@oid:Z6_5A602H80O0HTC060SG6UT81DI3 /wps/contenthandler/!ut/p/digest!gpTzfu0y7pKMM5EQEGO1-w/um/secure/currentuser/profile?expandRefs=true Log in to access your watchlist Error Here Error Here Log In Don't Have Account? 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