Dar Al-Arkan shareholders to vote on FY19 financials, board report on June 2

Dar Al-Arkan Real Estate Development Co.’s shareholders will vote on financial statements, board report and auditor’s report for fiscal year ended Dec. 31, 2019, during the ordinary general meeting (OGM) slated for June 2, the company said in a bourse statement.

Shareholders will also vote on appointing a new company auditor for Q2, Q3, Q4, FY2020 and Q1 2021 financial statements.

In addition, they will vote on authorizing the board of directors to distribute interim dividends for FY2020 on a quarterly or semi-annual basis.

Shareholders will participate in the meeting through electronic voting as of May 31 in line with the Capital Market Authority's (CMA) circular issued, on March 16, enabling shareholders to participate and vote on general meeting agenda items through Tadawulaty system in line with the government’s efforts to prevent spread of coronavirus.