Tabuk Agricultural Development Co. (TADCO) will adopt electronic voting as of May 9 on the agenda items of its extraordinary general assembly meeting (EGM) that will be held on May 13, according to a bourse filing.
The step followed 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.
In March, the company invited its shareholders to vote on amending bylaws, during the extraordinary general assembly meeting that will be held on April 19, according to data compiled by Argaam.
The EGM was then postponed on lack of quorum.
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