Saudi Research and Marketing Group (SRMG) will adopt electronic voting as of May 3 for its extraordinary general meeting (EGM) that will be held on May 7, according to a bourse filing on Sunday.
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.
Last month, the company invited shareholders to vote on amending bylaws related to the company’s objectives, capital, and the authorities of chairman, deputy chairman, managing director and board secretary.
SRMG shareholders will also vote on audited financial statements and audit report for the fiscal year 2019.
During the meeting, they will vote on the board report for the same period as well as discharging board members from liability during FY 2019.
In addition, shareholders will vote on appointing an external auditor for Q2, Q3 and Q4 2020 as well as Q1 2021.
Meanwhile, they will vote on other items on the meeting’s agenda including related party transactions.
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