Al-Omran shareholders to vote on board, audit reports on June 2

Al-Omran Industries and Trading Co.’s (Al-Omran) shareholders will vote on financial statements, as well as board and auditor reports for fiscal year ending Dec. 31, 2019, during the ordinary general meeting (OGM) slated for June 2, the company said in a bourse statement on Sunday.

They will also appoint a new company auditor for Q2, Q3, Q4, FY2020 and Q1 2021, in addition to vote on business contracts signed with Abaad Real Estate Co. in 2019.

Shareholders will further vote on the formation of an audit committee for the 3-year term starting August 22, 2020 and determining its tasks and remuneration.

Shareholders will participate in the meeting through electronic voting as of May 29, 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.