MEPCO proposes SAR 135.3M reserve transfer to retained earnings

21/05/2024 Argaam

MEPCO board recommends transferring SAR 135.3M statutory reserve to retained earnings

Middle East Paper Co. (MEPCO) headquarters

Middle East Paper Co.’s (MEPCO) board of directors recommended on May 20 transferring the company’s entire statutory reserve amounting to SAR 135.27 million, as per the audited financial statements for 2023, to retained earnings, the company said in a statement to Tadawul.

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