AlAbdullatif Industrial Investment Co.’s shareholders are set to vote on the financial statements, as well as board and auditor reports for fiscal year ending Dec. 31, 2019, during the ordinary general meeting slated for June 10, the company said in a bourse statement.
They will also vote on appointing a new company auditor for Q2, Q3, Q4, FY2020 and Q1 2021.
In addition, shareholders will vote on delegating the board of directors to distribute FY2020 dividends on a quarterly and semiannual basis.
They will also vote on board remuneration of SAR 400,000 and discharging the board of directors from liabilities for fiscal year 2019.
Shareholders will participate in the meeting through electronic voting as of June 6, 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.
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