Saudi Aramco will hold its first general meeting of shareholders on Monday for voting on the board of directors report for year ended December 31, 2019. The meeting will be an online one given the pandemic outbreak.
The world's biggest oil company has sent out a notice to shareholders to attend its ordinary general assembly meeting via modern technology means through the Tadawulaty system.
This is in line with the precautionary measures initiated by authorities to limit the spread of coronavirus and suspension of attendance of general assembly meeting through physical attendance and to conduct such meetings remotely.
The shareholders meeting agenda includes voting on the board of directors report for the fiscal ending December 31, 2019.
The agenda includes voting on the external auditor of the company determining the fees based on the recommendations of the board, to review and audit the company's financial statements.
"Saudi Aramco encourages all its shareholders to register in Tadawulaty system in order to be able to attend and vote in the ordinary general assembly meeting," the company said in the shareholders notice.
( With inputs from IANS )