SISCO shareholders to vote on forming audit committee on June 28

Saudi Industrial Services Co.’s (SISCO) shareholders will vote, during the ordinary general meeting (OGM) slated for June 28, on the formation of an audit committee for the 3-year term ending June 30, 2023 and determining its tasks and remuneration.

The company said in a bourse statement on Thursday that shareholders will also vote on electing a new board of directors for the next three-year term starting July 1, 2020.

Shareholders will participate in the meeting through electronic voting as of June 24, 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.

During the meeting, shareholders will vote on amending board membership criteria.