Wafrah for Industry and Development Co.'s shareholders will start today, Jan. 10, 2021, the electronic voting on the agenda of its ordinary general meeting (OGM), slated for Jan. 14, 2021, according to a bourse filing.
Shareholders will vote on the dismissal of the board of directors and audit committee members. In case the board dismissal is approved, shareholders will elect a new board of directors for the upcoming three-year term, starting from Jan. 14, 2021 and ending Jan. 13, 2024.
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.
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