Al Abdullatif to vote on transferring SAR 241.4M reserve to retained earnings on Dec. 28

07/12/2023 Argaam
Al Abdullatif Industrial Investment Co.headquarters

Al Abdullatif Industrial Investment Co. headquarters

Al Abdullatif Industrial Investment Co.’s shareholders will vote on transferring the statutory reserve, amounting to SAR 241.43 million as shown in 2022 financials, to retained earnings in an ordinary general meeting (OGM) to be held on Dec. 28.

 

According to a statement to Tadawul, shareholders will also vote on amending the company’s bylaws in accordance with the new Companies Law.

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