SIDC to start e-voting for OGM agenda on Nov. 25

Saudi Industrial Development Co. (SIDC) will start on Nov. 25, the electronic voting on the agenda items of its ordinary general meeting (OGM) that will be held on Nov. 28, 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.

Shareholders will vote on electing members of the board of directors for the upcoming term, starting on Jan. 1, 2022.

They will also vote on the formation of audit committee for the same term, according to a bourse filing.

In addition, they will also determine the committee's tasks and work controls, as well as the remuneration of its members.

The candidates are Ibrahim bin Abdullah bin Ibrahim AlHomaidhi, Ibrahim bin Abdulaziz bin Ibrahim Al Rashid, Ahmed bin Abdullah bin Abdurrehman Al Kanhal, Ahmed bin Fouad bin Ahmed Al Baz, and Nasser bin Mishari bin Abdullah Al Furhoud.

Shareholders can begin e-voting on the agenda items through Tadawulaty website, as of Nov. 25.