MEDGULF starts e-voting for EGM on Oct. 30

The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) started on Oct. 30, the electronic voting on the agenda items of its extraordinary general assembly meeting (EGM) that will be held on Nov. 3, according to a bourse filing.

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 the spread of coronavirus.

Earlier this month, the company invited its shareholders to vote on increasing the company’s capital through SAR 420 million rights issue at the EGM, Argaam reported.