eXtra EGM to vote on SAR 64.2 mln reserve transfer to retained earnings on Dec. 3

05/11/2023 Argaam

eXtra EGM to vote on SAR 64.2 mln reserve transfer to retained earnings on Dec. 3

One of eXtra's showrooms

United Electronics Co.’s (eXtra) shareholders will vote on transferring SAR 64.2 million statutory reserve balance as of Dec. 31, 2022, to the company’s retained earnings, during the extraordinary general meeting (EGM) scheduled for Dec. 3, 2023. 

 

In a statement to Tadawul, eXtra pointed out that other items included in the EGM agenda will be subject to the shareholders’ voting.

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