Saudi Ground Services to start e-voting today for OGM

14/06/2020 Argaam

Saudi Ground Services Company (SGS) will adopt electronic voting as of today June 14 on the agenda items of its ordinary general assembly meeting (OGM) that will be held on June 18, according to a bourse filing on Sunday.

 

The company announced earlier that shareholders will vote on the board's recommendation on withholding dividend for H2 2019 to boost financial position, cash balance and sustainability during 2020, amid the air traffic slowdown resulting from the Kingdom's precautionary measures to curb the COVID-19 outbreak.

 

Shareholders will also vote on authorizing the board to pay interim dividend for FY 2020 on a semi-annual or a quarterly basis.

 

The step follows 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.

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