Savola to start e-voting for EGM on April 25

Savola Group will adopt electronic voting as of April 25 on the agenda items of its extraordinary general assembly meeting (EGM) that will be held on April 29, according to a bourse filing on Thursday.

The electronic voting will be available starting from April 25, 2020 at 10:00am until the meeting’s day.

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 company invited its shareholders to vote on the board recommendation to distribute a 3% cash dividend, or SAR 0.3 per share, for the fiscal year 2019, during the extraordinary general meeting that will be held on April 29, according to data compiled by Argaam.