SADAFCO to start e-voting for EGM on Nov. 14

Saudia Dairy and Foodstuff Co. (SADADFCO) announced the start of electronic voting for its extraordinary general assembly meeting (EGM), to be held on Nov. 18, 2020. The voting will start Saturday morning, Nov. 14, and continue until the end of the EGM, the company said in a bourse statement.

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 the spread of coronavirus.

Last month, the company invited its shareholders to vote on repurchasing 2.75 million of its shares to be retained as treasury shares, according to data compiled by Argaam.