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E-voting for activating general assembly in shareholding companies to be applied

E-voting for activating general assembly  in shareholding companies to be applied
20 Jun
E-Media:
Riyadh - The head of Capital Market Authority (CMA) Dr. Abdulrahman Al-Tuwaijri revealed underway study with regard to the technical details of how to apply electronic voting, and activating general assembly in shareholding companies in cooperation with Saudi stock exchange (Tadawul), as well as with the brokerage firms licensed in Saudi Arabia.
He said according to " Al Sharq Al Awsat" newspaper  that the study includes the possibility of applying electronic voting in reliability, safety and success, and that Saudi stock exchange has reached to the benefits of making this system available to shareholders in Saudi stock market , expecting to complete the technical capacity test of the system soon, and the electronic voting will be announced before the end of 2009.
Dr. Al-Tuwaijri pointed out that Saudi Arabia is one of the world countries in applying electronic application for subscriptions, where the percentage of subscribers up to 68%, and this will stimulate more electronic projects in the domestic financial market.
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