‎Saudi Cable rejects debt assignment to protect shareholders

‎Saudi Cable rejects debt assignment to protect shareholders ‎Saudi Cable rejects debt assignment to protect shareholders

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Khaled Khashogji, CEO and Managing Director of Saudi Cable Co.

Saudi Cable Co.’s (SCC) current board of directors recommended that the extraordinary general meeting (EGM) reject the debt assignment agreement (debt transfer) between Tathmeer Investment Co., Al Rajhi Bank, and Saudi Cable, Managing Director and CEO Khalid Khashoggi said.
This decision aims to safeguard the company’s interests and protect its shareholders’ rights.

 

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Khaled Khashogji, CEO and Managing Director of Saudi Cable Co.

Saudi Cable Co.’s (SCC) current board of directors recommended that the extraordinary general meeting (EGM) reject the debt assignment agreement (debt transfer) between Tathmeer Investment Co., Al Rajhi Bank, and Saudi Cable, Managing Director and CEO Khalid Khashoggi said.
This decision aims to safeguard the company’s interests and protect its shareholders’ rights.
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