Riyadh – Mubasher: Horizon Educational Company started the electronic voting for its upcoming Ordinary General Assembly meeting (OGM) scheduled for 1 July 2026, according to a bourse filing.
Shareholders registered in the Tadawulaty services were able to cast their votes remotely on key agenda items, including the approval of financial statements, the appointment of an external auditor, and the election of the Board of Directors.
In a follow-up to its initial invitation published on 4 June 2026, Horizon Educational confirmed that the Ordinary General Assembly (First Meeting) is set to take place at the company’s headquarters in Riyadh, located in the Al-Wurood district on Al-Fujairah Street. To ensure broad shareholder participation and facilitate ease of access, the proceedings will be conducted via modern technology using the Tadawulaty platform.
The e-voting opened at 01:00 on 27 June 2026 and remained accessible until the conclusion of the General Assembly meeting.
The company emphasized that registration and voting through the Tadawulaty portal are provided free of charge to all shareholders. This digital approach aligns with the regulatory framework established by the Saudi Tadawul Group and the Securities Depository Center Company (Edaa) to enhance corporate governance and shareholder engagement.
The agenda for the meeting includes several critical items that require shareholder resolution. Primary among these is the vote on the company’s financial statements.
Additionally, shareholders will decide on the selection of the company’s external auditors from the nominated candidates.
A significant portion of the meeting will be dedicated to the election of the Board of Directors. For this item, the company utilizes a cumulative voting mechanism, which allows shareholders to distribute their voting rights based on their share ownership.
Under this system, voters can allocate their votes to a single candidate or divide them among multiple candidates without duplicating votes, thereby ensuring a proportional representation of shareholder interests.
