Riyadh — Mubasher: Saudi Fisheries Company has postponed its extraordinary general meeting (EGM), originally scheduled for 2 September 2026, as attendance failed to meet the legal quorum required to vote on a proposed capital change.
The company reported that the first session, scheduled for 08:00, reached an attendance level of 13.67%, well below the 50% threshold required for validity.
A second session was subsequently scheduled for 09:00 on the same evening; however, attendance only reached 14.10%.
This figure remained below the 25% quorum mandated for the second meeting. The sessions were intended to be held both physically at the company headquarters in Riyadh and virtually via the Tadawulaty platform.
The company stated that the lack of quorum had no immediate impact on board recommendations regarding dividends or auditor functions.
Saudi Fisheries confirmed it will issue a future invitation for a third extraordinary general meeting following coordination with regulatory authorities.
Under local regulations, the third meeting will be considered valid regardless of the number of shares represented by the attending shareholders.
