An announcement of CMA to launch the General Assembly Meetings Electronic System for listed companies

​As part of the Capital Market Authority's responsibilities stated in the Companies Law, which was issued by the Royal Decree (M/3) in 28/1/1437H, and based on the CMA's strategy in enhancing investors' protection through raising the level of corporate governance and improving disclosure requirements and developing and organizing the capital market, in order to protect investors from incorrect and unfair practices and to achieve fairness and transparency, CMA has launched the general assembly electronic system, which will take effect on 23/03/1438H, corresponding to 22/12/2016G. This system allows listed companies to electronically submit requests for general assemblies, input the minutes of the meeting, choose the appropriate date and time of meetings, the submission of related documents in less than a minute, which will facilitate the processes to request general assemblies.