VIVA holds the postponed Extraordinary General Meeting

June 25, 2014 3:29 pm

VIVA, Kuwait’s fastest-growing and most developed telecom operator, held its postponed Extraordinary General Meeting (EGM) on 25 June 2014 at the Regency Hotel in Bida’a, Kuwait. With a quorum of 50.07% of shareholders, the EGM discussed the items of the agenda which included amendments to the statute of the company in accordance to the companies’ laws as well as the future vision of the company.

The postponed EGM was because the required quorum for holding an Annual General Meeting was not met, since the attendance of shareholders did not exceed 75%.

VIVA’s shareholders approved the recommendation of the Board that the company pursues its strategy and operations without having to raise capital or take any additional measures unless it is in the best interest of the company and its shareholders.