Saudi Ceramics shareholders approve halting profit transfer to statutory reserve

Logo of Saudi Ceramics

Saudi Ceramic Co.’s (Saudi Ceramics) shareholders approved suspending the transfer of 10% net profit to the company’s statutory reserve during the ordinary general meeting (OGM) held on April 3.

 

In a statement to Tadawul, the company said that the statutory reserve reached 30% of the share capital as of Dec. 31, 2021, and the suspension will take place as of the financial year ended Dec. 31, 2022.

 

Shareholders also authorized the board to pay an interim dividend for 2023 semi-annually or quarterly, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request