SIIG starts e-voting on EGM agenda today

06/04/2022 Argaam

Saudi Industrial Investment Group (SIIG) will start today, April 6, the electronic voting (e-voting) on the agenda items of the extraordinary general meeting (EGM), slated for April 10, according to a bourse statement.

 

Shareholders will vote on the proposed merger deal with the National Petrochemical Co. (Petrochem).

 

Shareholders who hold shares in both Petrochem and SIIG are only entitled to vote on resolutions relating to the acquisition transaction in the EGM of one of the two companies, the statement added.

 

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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