City Cement EGM OKs SAR 211.2M reserve transfer to retained earnings

01/07/2024 Argaam
Production line in City Cement Co.

Production line in City Cement Co.

City Cement Co.’s shareholders approved transferring the statutory reserve of SAR 211.2 million as of Dec. 31, 2023, to the retained earnings account during the extraordinary general meeting (EGM) on June 30.

 

According to a statement to Tadawul, shareholders also approved all other items in the agenda, including authorizing the board of directors to distribute interim dividends to shareholders semi-annually or quarterly for 2024.

 

For more news on listed companies

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.