Development Works Food starts e-voting for EGM today

Development Works Food Co. starts today, Sept. 13, the electronic voting on the agenda items of its extraordinary general assembly meeting (EGM) that will be held on Sept. 16, according to a bourse filing.

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.

Earlier, the company invited its shareholders to vote on increasing capital by 20% from SAR 25 million to SAR 30 million, through one-for-five bonus share distribution, according to data compiled by Argaam.