Saudi Cable to vote on rejecting debt capitalization deal with Al Rajhi Bank on June 22
Logo ofSaudi Cable Co.
Saudi Cable Co. (SCC)’s shareholders will conveneon June 22an extraordinary general assembly tovote on a number of agenda items, including the rejection of an assignment of rights (debt assignment) agreementwithAl Rajhi Bank and Tathmeer Investment Co.
Shareholders will vote to reject the agreement to capitalize Al Rajhi Bank’s debt and convert it into equity shares for the benefit of Tathmeer…
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