Mobily invites shareholders to approve financials, elect new board members

Mobily has invited shareholders owning 20 shares or more in the company to attend an ordinary general assembly meeting on Sept. 15, 2015 to discuss and approve its restated financial statements and auditor reports.

Shareholders are set to elect new board members and discuss the teleco’s major contracts from last year, the company said in a statement to the Saudi bourse. A proposed SAR 1.9 billion dividend for Q1 and Q2 of 2014, which is set to be distributed at SAR 2.5 per share, is also on the agenda.

Mobily said it has enabled electronic voting for its shareholders who wish to use this option by registering and voting remotely through its website Tadawulaty.