Allianz Saudi Fransi to start e-voting for EGM on June 12

Allianz Saudi Fransi Cooperative Insurance Co. will adopt electronic voting as of June 12 on the agenda items of its extraordinary general assembly meeting (EGM) that will be held on June 16, according to a bourse filing on Thursday.

The step follows 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 its shareholders to vote on a capital hike from SAR 200 million to SAR 600 million through a rights issue, according to data compiled by Argaam.