Petrochem starts e-voting on EGM agenda today

06/04/2022 Argaam

National Petrochemical Co. (Petrochem) starts today, April 6, the electronic voting through Tadawulaty system on the agenda items of its extraordinary general assembly meeting (EGM) that will be held on April 10, according to a bourse filing.

 

Shareholders will vote on the proposed merger deal with Saudi Industrial Investment Group (SIIG).

 

A shareholder who holds shares in both Petrochem and SIIG is only entitled to vote on resolutions relating to the acquisition transaction in the EGM of one of the two companies, the statement noted.

 

If a shareholder votes in the EGM of both companies, then such votes will only be counted in one of the EGMs.

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