SIIG shareholders OK SAR 1.05 bln transfer from reserve to retained earnings

13/06/2023 Argaam

SIIG shareholders OK SAR 1.05 bln transfer from reserve to retained earnings

Logo of Saudi Industrial Investment Group’s (SIIG)

Saudi Industrial Investment Group's (SIIG) shareholders approved to transfer the balance of the statutory reserve amounting to SAR 1.05 billion, as provided in the financial statements for the year ending on Dec. 31, 2022, to retained earnings.

 

In a statement to Tadawul, the company said the decision came during the extraordinary general meeting held on June 12. It also noted that shareholders approved amending the renumeration policy.

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