SASCO board proposes transferring statutory reserve of SAR 83.1M to retained earnings

28/03/2024 Argaam

SASCO board proposes transferring statutory reserve of SAR 83.1M to retained earnings

Logo of Saudi Automotive Services Co. (SASCO)

Saudi Automotive Services Co.’s (SASCO) board of directors recommended, on March 27, transferring the company's entire statutory reserve to the retained earnings account.

 

The statutory reserve stood at SAR 83.1 million as of Dec. 31, 2023, the company said in a statement on Tadawul.

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