City Cement Opens E-Voting for EGM on Board, Auditor Picks

City Cement shareholders can now cast electronic votes on agenda items for the 28 June extraordinary general meeting. The e-voting window opened at 1:00 AM on 24 June and runs through the meeting's conclusion, the company said in a bourse filing.

The meeting will be held virtually. City Cement uses the Tadawulaty system, operated by the Saudi Tadawul Group's Edaa settlement arm, to let investors vote remotely. The company first disclosed the EGM invitation on 4 June.

Three voting methods apply depending on the agenda item. Ordinary voting covers standard items such as approving financial statements, where shareholders can approve, reject, or abstain. Election voting applies to auditor selection, requiring shareholders to pick a specific number of options based on their holdings. Cumulative voting governs board elections, giving shareholders votes proportional to their ownership that can be allocated to one candidate or split across multiple nominees.

Shareholders who attend in person and use a physical voting card will have their earlier electronic votes invalidated. The Tadawulaty system allows vote modifications at any point during the e-voting period, the company noted. The platform also stores historical data, letting investors review past assembly results and their own voting records in PDF format.