SRMG shareholders to vote on amending bylaws on May 7

Saudi Research and Marketing Group’s (SRMG) shareholders are set to vote on amending bylaws during the extraordinary general assembly meeting that will be held on May 7, 2020, the company said in a bourse statement.

Shareholders will vote on amending bylaws related to the company’s objectives, capital, shares subscriptions, selling unpaid shares, the powers of chairman, deputy chairman, managing director and board secretary.

SRMG shareholders will also vote on audited financial statements and audit report for the fiscal year 2019.

During the meeting, they will vote on the board report for the same period as well as discharging members of the board of directors from liabilities during FY 2019.

In addition, shareholders will vote on appointing an external auditor to audit the company’s financial statements for Q2, Q3 and Q4 2020 as well as Q1 2021 and FY 2020.

Meanwhile, they will vote on other items on the meeting’s agenda including related party transactions.