Alamar OKs transferring SAR 21.7M statutory reserve to retained earnings

01/07/2024 Argaam

Alamar OKs transferring SAR 21.7M statutory reserve to retained earnings

Logo of Alamar Foods Co.

Shareholders of Alamar Foods Co. gave the green light to transfer SAR 21.66 million from the statutory reserve as of Dec. 31, 2023, to retained earnings during the extraordinary general meeting (EGM) held on June 30.

 

The board was also authorized to pay semiannual or quarterly dividends for 2024, Alamar said in a statement to Tadawul.

 

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