Petro Rabigh to start e-voting for EGM on June 4

Shareholders of Rabigh Refining and Petrochemical Co. (Petro Rabigh) will start on June 4 the electronic voting on the agenda items of its extraordinary general meeting (EGM) that will be held on June 8, 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 the Tadawulaty system, in line with the government’s efforts to prevent the spread of coronavirus.

Shareholders will vote on capital increase by 90.75% through offering a SAR 7.95 billion rights issue.