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Riyadh – Mubasher: Abdulaziz bin Ahmed Altwijri Trading Company finalized the electronic voting regarding its Extraordinary General Assembly (EGM) meeting, which took place on 30 June 2026.
Shareholders were invited to participate in the first EGM session through modern technological means, according to a bourse filing.
The electronic voting process began on 26 June 2026, allowing investors to exercise their voting rights remotely via the Tadawulaty platform, marking a window that remained accessible until the conclusion of the assembly meeting.
The announcement followed a previous disclosure on 9 June 2026, regarding the invitation to the EGM.
The company emphasized that registration and voting through the Tadawulaty system are provided free of charge to all registered shareholders.
This digital infrastructure, managed by the Securities Depository Center (Edaa), is designed to streamline the investment ecosystem in Saudi Arabia by providing a centralized hub for financial services. Shareholders can access these services through the official Tadawulaty portal.
According to the procedural guidelines provided by the company, the voting mechanism includes several formats depending on the nature of the agenda items. For standard resolutions, such as the approval of financial statements or the selection of external auditors, shareholders may choose to approve, reject, or abstain.
For the election of board members, the company utilizes cumulative voting. This method allows shareholders to distribute their voting rights, based on their share ownership, among their preferred candidates without repeating those votes, thereby providing a more equitable representation for minority shareholders.
The company also clarified that while electronic voting is a primary tool for remote participation, any shareholder who attends the assembly in person and uses a physical voting card will see their prior electronic votes automatically invalidated to prevent duplication.
Furthermore, shareholders retain the right to modify or update their electronic votes at any time during the designated voting period by re-accessing the Tadawulaty platform.
The EGM’s agenda includes several key items like the review of financial statements, the appointment of auditors, and the election of the board of directors. These items are critical for the company’s corporate governance and strategic oversight for the upcoming fiscal periods.