An important meeting of the board of "Arabtec" company today

"Arabtec Holding" announced that a meeting of the company's board of directors will be held today, Thursday, October 8, at three in the afternoon, which was scheduled to be held yesterday.

It is decided that the Council will consider during the meeting the decisions and procedures necessary for the purposes of implementing the decisions taken at the (last) General Assembly.

The company had provided the Dubai market with the decisions of the general assembly that took place last Wednesday, September 30th, which were revealed by the media at the end of last week, and represented by:

- The lack of continuity of the company and the authorization of the Board of Directors to submit a request to the court to declare the company bankrupt and liquidate it and appoint (Alex & Partners) and (Matthew Wild), or any other person or party designated by the Board of Directors according to what it deems appropriate as a liquidator, provided that the Board of Directors or whomever authorized by the Board shall accept Submitting to the court an application for bankruptcy to inform the stakeholders of the effects thereof within a period not exceeding two months from the date of the meeting.

Authorizing the Board of Directors or any person or persons authorized by the Board, collectively or separately, to take all necessary decisions and procedures and submit the necessary requests on behalf of the company for the purposes of implementing the decisions taken at the general meeting.

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