Saudi Chemical to start e-voting for general meeting on May 3

Saudi Chemical Holding Co. will adopt electronic voting as of May 3 for its extraordinary general meeting (EGM) that will be held on May 7, according to a bourse filing on Sunday.

The step followed the Capital Market Authority’s (CMA) directives enabling shareholders to participate and vote on related meeting agenda through Tadawulaty System in line with the government’s efforts to prevent spread of coronavirus.

Last month, the company invited shareholders to vote on withholding cash dividend for the fiscal year 2019 and delegating the company’s board of directors to distribute interim dividend for FY2020 on a semi-annual or a quarterly basis.

Shareholders will also vote on amending Article 3 of the company’s bylaws related to the company’s purposes.