Jabal Omar to vote on FY19 financials, board report on May 13

Jabal Omar Development Co.'s (JODC) shareholders will vote on financial statements, board's report, and auditor's report for fiscal year ending Dec. 31, 2019 on the extraordinary general meeting (EGM) slated for May 13, the company said in a bourse statement.

Shareholders will also discharge board members from liability for FY2019, and appoint a new auditor for FY2020 and Q1 as well as Q2 of 2021.

During the meeting, shareholders will vote on appointing two board directors, and an audit committee member for the three-year term ending June 29, 2021.

Shareholders will discuss business contracts signed with other entities in 2019, and will approve amending articles of incorporation.

Shareholders will participate in the meeting through electronic voting, 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.