Hail Cement shareholders approve transfer of SAR 58.4 mln statutory reserve to retained earnings

01/08/2023 Argaam
Hail Cement plant

Hail Cement plant


Hail Cement Co.’s shareholders approved transferring the balance of statutory reserve of SAR 58.35 million, as of Dec. 31, 2022, to the retained earnings account during the extraordinary general meeting (EGM) held on July 31. 

 

They also ratified amendments to several of the company’s bylaws, the cement producer said in a statement to Tadawul.

Comments {{getCommentCount()}}

Be the first to comment

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.