Ash-Sharqiyah shareholders to vote on forming audit committee on July 12

Ash-Sharqiyah Development Co.’s shareholders will vote, during the ordinary general meeting (OGM) slated for July 12, on the formation of an audit committee for the 3-year term ending July 19, 2023 and determining its tasks and remuneration, according to a bourse filing on Sunday.

Shareholders will participate in the meeting through electronic voting as of July 8, in line with the Capital Market Authority's (CMA) circular issued, on March 16, enabling shareholders to participate and vote on general meeting agenda items through Tadawulaty system in line with the government’s efforts to prevent spread of coronavirus.