Al Yamamah Steel EGM to vote on transfer of SAR 29.2M to retained earnings on Sept. 30

09/09/2024 Argaam
Logo ofAl Yamamah Steel Industries Co.

Logo of Al Yamamah Steel Industries Co.

Al Yamamah Steel Industries Co.'s shareholders will vote on transferring SAR 29.2 million in statutory reserve (as of Sept. 30, 2023) to the SAR 47.5 million retained earnings balance, during an extraordinary general meeting (EGM) to be held on Sept. 30.

 

Shareholders will also vote on vote on amending the bylaws to align with the new Companies Law and adjust the numbering and arrangement of articles accordingly, according to a Tadawul filing today, Sept. 9.

 

 

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Moreover, they will vote on amending the remuneration policy for the board, its committees, and executive management, while deciding on several other items.

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