Bank Albilad starts e-voting on EGM today

Bank Albilad starts today, April 7, the electronic voting on the agenda items of its extraordinary general assembly meeting (EGM) that will be held on April 11, according to a bourse filing.

Shareholders will vote on increasing capital from SAR 7.5 billion to SAR 10 billion, through distributing bonus shares at 33.3%, or one share for three existing shares.

The e-voting follows the Capital Market Authority’s (CMA) directives enabling shareholders to participate and vote on related meeting agenda through Tadawulaty system, in line with the government’s efforts to prevent the spread of coronavirus.

There will also be a live audio broadcast of the meeting through the link available in Tadawulaty, the bank said.