Regulatory Alerts2012-01-01
Decision No. 018 of 2012 Regarding the Rejection of the Request Submitted by a Group of Shareholders of Al-Yasmin Tourist and Hotel Establishments Company to Stop Certain Resolutions of the Extraordinary General Assembly
The Financial Regulatory Authority issued Decision No. 018 of 2012 to formally reject a request filed by a group of shareholders of Al-Yasmin Tourist and Hotel Establishments Company. The shareholders sought to invalidate specific resolutions adopted by the company's Extraordinary General Assembly on February 24, 2011. This decision concludes the regulatory review of the shareholders' petition to stop the aforementioned corporate resolutions.
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