Tabuk Agricultural Development Co.’s (TADCO) shareholders are set to vote on amending the company’s articles of association, during the extraordinary general meeting (EGM) that will be held on July 26, 2020.

 

They will also vote on amending article (7) regarding the company’s capital, and article (20) regarding the company’s chairman, vice-chairman, and CEO, in addition to articles 29, 40 and 42.

 

In addition, shareholders will vote on amending the regulations related to the remuneration policies.

 

On March 18, TADCO shareholders approved a 46.3% capital cut to SAR 241.77 million from SAR 450 million.

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