Al Jouf Cement shareholders to vote on board, audit reports on June 29

Al Jouf Cement Co.’s shareholders will vote on audited financial statements, as well as audit and board reports for the fiscal year 2019, during the ordinary general meeting that will be held on June 29, the company said in bourse filing on Monday.

They will also vote on appointing an external auditor to audit Q2, Q3, Q4 and FY2020, in addition to Q1 2021.

Furthermore, shareholders will vote on discharging board members from liabilities for FY2019, as well as endorsing several business contracts signed in 2019.

They will also vote on granting the board of directors the powers of the general meeting - as per the Companies Law - for one year from the general meeting date or until the end of the current board term, whichever comes first.

Shareholders will participate and vote on the meeting agenda items through Tadawulaty system as of June 25, as per the Capital Market Authority’s (CMA) circular issued on March 16, in line with the government’s efforts to prevent the spread of coronavirus.