Mushrif Trading and Contracting Company held its (deferred) Extraordinary General Meeting (EGM), on Thursday, 1 September 2022 at the Company’s headquarters, and approved the continuity of the Company’s business, and authorized the Board of Directors to follow all necessary procedures to restructure the Company through negotiations with banks and creditors to reduce the debts. The EGM also approved to submit a request to the court outlining a preventive settlement proposal pursuant to Law No. 71 of 2020 and its executive regulations, and if necessary, consider reducing the company’s capital, as deemed appropriate by the board.