Electrical Industries Co. (EIC) will adopt electronic voting as of April 30 on the agenda items of its Extraordinary General Assembly meeting (EGM) to be held on May 4, 2020, according to a bourse filing on Wednesday.
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.
EIC’s shareholders are set to vote on purchasing 350,000 of its treasury shares under the Employees Long Term Incentive Program during the EGM, Argaam reported.
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