Dur shareholders to start e-voting on EGM on Dec. 1

Dur Hospitality Co.’s shareholders will start on Dec. 1, the electronic voting on the agenda items of its extraordinary general assembly meeting (EGM) that will be held on Dec. 5, 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 the spread of coronavirus.

Shareholders will vote on the transfer of SAR 143 million from conventional reserve balance (allocated for maintenance work and the purposes determined by the board of directors) as in the financial statements for 2020 to retained earnings at the EGM, Argaam reported.