AICTEC shareholders to vote on 2021 board report, financials on June 7

Shareholders of Advance International Company for Communication and Information Technology (AICTEC) will vote on the board as well as the auditor’s reports and the financial statements for 2021, during the extraordinary general meeting (EGM) slated for June 7, the company said in a bourse filing.

Shareholders will also discharge the board members from liability for 2021 and appoint a new auditor to review financials for Q2, Q3, Q4 2022 and H1 2023.

Additionally, shareholders will vote on ratifying the business contracts inked between the company and other institutions.

They will approve allowing Chairman Abdullah Al Shuraim to practice competitive activities, and will vote on amending articles of association related to the company’s name and the shareholders’ records.

Shareholders can start e-voting on June 4, the statement added.