Saudi Cable Co. will adopt electronic voting on June 26, 2020, for its ordinary general meeting (OGM) that will be held on June 30, according to a bourse filing on Thursday.
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.
The company's shareholders will vote on audited financial statements, board's report and auditor's report for the fiscal year ending Dec. 31, 2019.
Meanwhile, they will also vote on discharging board members from liability for the same year, and appointing a new auditor for FY2020 and Q1 2021.
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