Thob Al Aseel to vote on transferring SAR 77.3M reserve to retained earnings on June 27

02/06/2024 Argaam

Thob Al Aseel to vote on transferring SAR 77.3M reserve to retained earnings on June 27

Logo of Thob Al Aseel Co.

Thob Al Aseel Co.’s shareholders will vote on transferring the statutory reserve of SAR 77.3 million, as shown in 2023 financials, to retained earnings during the extraordinary general meeting (EGM) to be held on June 27.

 

They will also vote on authorizing the board of directors to distribute interim dividends to shareholders semi-annually or quarterly for 2024, the company said in a statement on Tadawul.

 

In addition, shareholders will vote on electing board members from among candidates for the next three-year term starting on Sept. 4, 2024.

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