Tabuk Agricultural: Start of Electronic Voting on General Provisions on Wednesday

The Tabuk Agricultural Development announced on Tuesday that the E-voting on the Agenda of the mentioned Ordinary General Assembly Meeting will start on Wednesday 22/06/2022 and will remain open until the end of the General Assembly meeting, also note that the “abstaining” voting will be added to the “disagree” percentage.

The Board of Directors calls upon the shareholders to vote on the items of the assembly, noting that the vote on the item (appointing the external auditor) Accredited by the Capital Market Authority is necessary. Note that in the event the auditor is not selected, this may lead to the company not being able to announce its financial statements as on 30/06/2022, which will result in the suspension of trading in the stock. The company notes that the item of requesting updating the policy for disbursing the remunerations and entitlements of the members of the Board of Directors and its committees needs a vote of shareholders to match the formulation of the policy with the modern corporate governance regulation issued by the Capital Market Authority.

This comes with reference to Tabuk Agricultural Development Co. announcement on Tadawul dated 31/05/2022 regarding the invitation of the Board of Directors of Tabuk Agricultural Development Co. to all shareholders to participate in the Ordinary General Assembly Meeting (The first meeting) which will be held virtually through the contemporary technology means on Sunday 26/06/2022.