MESC invites shareholders to attend OGM on December 23

Middle East Specialized Cables Co. (MESC) board of directors invited shareholders to attend the ordinary general assembly meeting (OGM) on Wednesday, Dec. 23, 2020, the firm said in a statement to Tadawul.

The meeting’s agenda includes voting on the amendment of company's governance regulation, and, voting on amendment of remunerations policy for board of directors, committees and executive management.

The shareholders will also vote on authorizing the board of directors for one year from ordinary general assembly approval date or the end of tenure of authorized board of directors, whichever comes first.

Shareholders will participate and vote on the meeting agenda items through Tadawulaty system, according to the Capital Market Authority’s (CMA) directions, in line with the government’s efforts to prevent the spread of coronavirus.