Jabal Omar shareholders to start e-voting on EGM agenda on June 25

Jabal Omar Development Co.’s shareholders will start on June 25 the e-voting on the agenda items of the extraordinary general meeting (EGM) slated for June 29, according to a bourse filing.

Shareholders will vote on audited financial statements, as well as the board and auditors' reports for 2021. They will decide on discharging board members from liabilities for 2021 and appointing an auditor to review financials from Q3 2022 until Q1 2025.

Shareholders will also discuss increasing audit committee members from three to four persons to appoint Alma Al-Moter, a non-board member, from the date of the assembly's approval until the current committee term ends on June 29, 2024.

Meanwhile, they will vote on paying additional fees to the previous and current external auditors, PwC and EY, amounting to $6,500 and SAR 915,000, respectively, for work beyond the agreed scope.

Additionally, shareholders will discuss amending bylaws, including articles related to share subscription, trading of shares held by the General Authority for Awqaf (GAA) and distribution of in-kind dividends.