Leen Alkhair proposes transfer of SAR 6.4M reserve to retained earnings

15/05/2024 Argaam
Logo ofLeen Alkhair Trading Co.

Logo of Leen Alkhair Trading Co.

Leen Alkhair Trading Co.’s board of directors, in its meeting held on May 14, recommended transferring the statutory reserve balance amounting to SAR 6.44 million as per financial statements for the period ended Dec. 31, 2023, to the retained earning balance, according to a statement to Tadawul.

 

Lane Al Khair Trading Company announces the recommendation of its Board of Directors on 05/14/2024 to the General Assembly to approve the transfer of the company’s statutory reserve balance, which amounted to (6,441,478) six million four hundred and forty-one thousand four hundred and seventy-eight Saudi riyals, as in the financial statements ending on 31/ 12/2023 AD to the retained earnings balance

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