Southern Cement to start e-voting for general meeting on April 5

Southern Province Cement Co. (Southern Cement) will adopt electronic voting for its ordinary general meeting that will be held on April 5, 2020, according to a bourse filing on Thursday.

The step followed the Capital Market Authority’s (CMA) directives enabling shareholders to participate and vote on related meeting agenda through Tadawulaty System in line with the government’s efforts to prevent spread of coronavirus (Covid-19).

Earlier this month, the board of directors recommended a 22.5% cash dividend for the second half of 2019, at SAR 2.25 per share, amounting to SAR 315 million.