Al Jouf Cement to elect new board of directors, audit committee on July 23

Al Jouf Cement Co.'s shareholders will elect a new board of directors for the next three-year term ending August 5, 2023, during the ordinary general meeting (OGM) slated for July 23, the company said in a bourse statement.

Shareholders will also form a new audit committee for the same three-year term, in addition to determining its members' capacities as well as remuneration.

Shareholders will participate in the meeting through electronic voting, in line with the Capital Market Authority's (CMA) circular issued, on March 16, enabling shareholders to participate and vote on general meeting agenda items through Tadawulaty system in line with the government’s efforts to prevent spread of coronavirus.