NCLE to vote on transferring SAR 48.8M reserve to retained earnings

National Company for Learning and Education (NCLE) headquarters

National Company for Learning and Education’s (NCLE) shareholders will vote on transferring the statutory reserve of SAR 48.78 million, as shown in the initial financial statements for the six-month period ended on Feb. 29, 2024, to retained earnings during the extraordinary general meeting (EGM) to be held on July 4.

They will vote on Article (3) of the company’s bylaws related to the company’s objectives, the company said in a statement to Tadawul.

Some of the following activities to be added include maintenance, operation and cleaning contracting, purchase, manage and operate educational and training institutes, selling school uniforms, school supplies and educational tools and management of electronic stores.