Al-Babtain shareholders to elect new board on May 27

22/04/2021 Argaam

Shareholders of Al-Babtain Power and Telecommunication Co. will vote on electing a new board of directors for the next three-year term, in the ordinary general meeting (OGM) scheduled for May 27, 2021, the company said in a bourse statement.

 

The new board term will start on July 27, 2021.

 

Shareholders will also vote on authorizing the board of directors to distribute interim dividends on a quarterly or semi-annual basis for 2021.

 

They will also vote on appointing an auditor from among nominees, and discharging board members of liabilities for 2020.

 

Other agenda items include the contracts and transactions that were concluded between the company and each of Al-Babtain Contracting Co., Al-Babtain Trading Co., and Al-Babtain Engineering Co.

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