Riyadh, The Capital Market Authority clarified that its board issued yesterday a decision to suspend holding assemblies of companies listed in the financial market in attendance until further notice, and holding them through modern technology means that enable shareholders to participate in their deliberations and vote on their decisions through (Tadawulaty ) system presented by Securities Depository Center company (Edaa).

This decision comes in the interest of the safety of dealers in the financial market and in support of preventive and precautionary efforts and measures by competent and relevant health authorities to address the novel Coronavirus (COVID-19), in continuation of efforts being made by all government agencies in the Kingdom to take necessary preventive measures to prevent its spread.

It is noteworthy that the automatic voting service for companies listed in the Saudi financial market has been available to all shareholders since April 2017, through the (Tadawulaty ) system, and the service enables shareholders to participate in assemblies' decisions of listed companies and provides them with an opportunity to exercise their rights easily.

Source: Saudi Press Agency

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