Riyad Bank to start e-voting for OGM tomorrow

Riyad Bank will adopt electronic voting as of tomorrow, March 19, 2021, on the agenda items of its ordinary general assembly meeting (OGM) that will be held on March 23, according to a bourse filing today, March 18, 2021.

The step follows the Capital Market Authority’s (CMA) directives enabling shareholders to participate and vote on related meeting agenda through Tadawulaty system in line with the government’s efforts to prevent spread of coronavirus.

Early in March, the bank invited shareholders to vote on a 5% cash dividend, or SAR 0.5 per share, amounting to SAR 1.5 billion for 2020, at the OGM.