SRMG shareholders OK reserve transfer to retained earnings, elect new board

21/05/2024 Argaam
Logo ofSaudi Research and Marketing Group (SRMG)

Logo of Saudi Research and Marketing Group (SRMG)

Saudi Research and Marketing Group’s (SRMG) shareholders approved transferring the company’s SAR 293.7 million statutory reserve and the SAR 67.5 million contractual reserve, as of Dec. 31, 2023, to retained earnings.

 

They also elected new board of directors for the upcoming three-year term, starting May 21, 2024, during the extraordinary general meeting (EGM) held on May 20, the company said in a statement to Tadawul.

 

The elected board members are Jomana AlRashid, Abdullah Al-Rubaian, Abdulrahman Alrowaita, Turki Bugshan, Mosa AlOmran, Adel Al-Nasser, Mohiddin Saleh Kamel, Majid Alissa, Hamad Al-Omar, Adel Al-Toraifi, and Abduallah Taibah.

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