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With reference to the Companies Law issued by Royal Decree No. (M / 3) dated 28/01/1437 H, which enters into force and work on 07/25/1437 H corresponding to 05/02/2016 AD, the reference to Article 150 of the law, which stipulates that: 1. If the joint stock company losses amounted to half of the paid-up capital at any time during the fiscal year, it must be on any company official or auditor as soon as he so inform the chairman of the Board and the chairman of the Board to inform the members of the Council immediately do so and the Board of Directors within fifteen days of knowingly call an extraordinary General Assembly meeting within forty-five whichever is becoming aware of the loss to decide whether to increase the company's capital or reduced in accordance with the provisions of the law and to the extent that it goes down with the proportion of the losses to less than half of the paid-up capital or dissolution of the company before the deadline in its statute
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