SAIB to start e-voting for general meeting on April 21

Saudi Investment Bank (SAIB) will adopt electronic voting for its ordinary general meeting that will be held on April 21, according to a bourse filing on Monday.

The move came after the Capital Market Authority (CMA) issued, on March 16, a circular to enable shareholders to participate and vote on general meeting agenda items through Tadawulaty system in line with the government’s efforts to prevent the spread of coronavirus.

Shareholders will also vote on audited financial statements, audit and board’s reports for 2019.

Moreover, they will vote on appointing an external auditor to audit the company’s financials for FY 2020, the statement said.

SAIB’s shareholders will vote on a SAR 5.17 million remuneration for the board of the directors for the year ended Dec.31, 2019.