City Cement to start e-voting for EGM on Aug. 21

City Cement Co. adopted electronic voting as of August 21, on the agenda items of its extraordinary general assembly meeting (EGM) that will be held on August 25, 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.

Last month, the company invited its shareholders to vote on a 26% capital cut to SAR 1.4 billion from SAR 1.89 billion, during the EGM.