Riyadh – Mubasher: City Cement Company has announced the commencement of electronic voting for its upcoming Extraordinary General Assembly Meeting (EGM) on 28 June 2026.

Shareholders started to cast their votes on the assembly’s agenda items starting from 1:00 AM on 24 June 2026, according to a bourse filing.

This electronic participation phase precedes the scheduled meeting which will be conducted virtually through modern technological means.

The announcement follows a previous disclosure made on 4 June 2026 regarding the invitation to the first EGM session.

City Cement has integrated the "Tadawulaty" system to facilitate shareholder participation, ensuring that investors can exercise their voting rights remotely. The e-voting window will remain open from its start date until the conclusion of the General Assembly meeting itself.

The commencement of electronic voting represents a critical phase in City Cement’s corporate governance cycle, allowing a broad base of shareholders to influence key decisions, including the election of board members and the appointment of auditors.

By utilizing the Saudi Tadawul Group’s Edaa system, the company aims to ensure transparency and maximize shareholder engagement in the regulatory oversight of its operations.

The voting framework outlined in the company’s documentation includes three distinct methodologies tailored to specific agenda items.

Ordinary voting allows shareholders to approve, reject, or abstain from standard items, such as the approval of financial statements. Election voting is utilized for the selection of external auditors, where shareholders must select a specific number of options based on their holdings.

Furthermore, cumulative voting will be applied for the election of the Board of Directors. Under this system, shareholders are granted voting rights proportional to their share ownership, which they may allocate to a single candidate or distribute among multiple nominees.

The company noted that if a shareholder chooses to attend the meeting in person and use a physical voting card, any previously submitted electronic votes will be automatically invalidated.

City Cement has also clarified that the Tadawulaty system allows for the modification of votes at any time during the electronic voting period. Shareholders can log in to update their selections or cancel previous submissions before the final deadline.

Additionally, the platform provides historical data, enabling investors to review the results of previous assemblies and their own past voting records in PDF format.