Jazan Energy and Development Co. (JAZADCO) will adopt electronic voting for its ordinary general meeting that will be held on April 20, it said in a bourse filing on Thursday.
The move came after the Capital Market Authority (CMA) issued, on March 16, a circular to enable shareholders to participate and vote on general meeting agenda items through Tadawulaty system in line with the government’s efforts to prevent the spread of coronavirus.
Shareholders will also vote on audited financial statements, audit and board’s reports for 2019.
In addition, they will vote on appointing an external auditor to audit the company’s financials for FY 2020 and Q1 2021.
Shareholders will further vote to amend the remuneration policy of the board of directors and its sub-committees.
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