solutions EGM to vote on SAR 308.8M reserve transfer to retained earnings on Dec. 27

05/12/2023 Argaam
Logo ofArabian Internet and Communications Services Co.

Logo of Arabian Internet and Communications Services Co.

Arabian Internet and Communications Services Co.’s (solutions) shareholders will vote on transferring its statutory reserve, amounting to SAR 308.76 million as shown in the financial statements of 2022, to retained earnings in an extraordinary general meeting (EGM) to be held on Dec. 27.

 

Shareholders will also vote on amending articles of incorporation, in line with the new Companies Law, according to a statement to Tadawul.

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