Al Yamamah Steel shareholders to discuss SAR 60 mln transfer to retained earnings

18/05/2023 Argaam

Al Yamamah Steel shareholders to discuss SAR 60 mln transfer to retained earnings

Al Yamamah Steel Industries Co.

Al Yamamah Steel Industries Co.’s shareholders will discuss transferring SAR 60 million from the statutory reserve account as of March 31, 2023, to the retained earnings account, during the extraordinary general meeting (EGM) scheduled for June 7, the company said in a statement to Tadawul.

 

Shareholders will also elect the members of the board of directors for the upcoming three-year term, starting June 26, 2023.

 

Additionally, they will vote on electing a new audit committee for the upcoming three-year term, starting June 26, 2023, which will include Abulrahman Alblauwe, Mater Alanazi and Abdullah Al-Muhanna, the statement added.

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