Balady Poultry EGM OKs SAR 18.9M reserve transfer to retained earnings

30/06/2024 Argaam
Logo ofBalady Poultry Trading Co.

Logo of Balady Poultry Trading Co.

Balady Poultry Trading Co.'s shareholders gave the green light for transferring the statutory reserve of SAR 18.90 million as of Dec. 31, 2023, to the retained earnings account during the extraordinary general meeting (EGM) held on June 27.

 

In addition, shareholders authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2024.

 

For more news on listed companies

 

According to data available with Argaam, the company paid a quarterly cash dividend at 40% of capital, or SAR 4 a share, totaling SAR 26.28 million for 2023.

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