Saudi Networkers to vote on SAR 11.2M transfer to retained earnings on Oct. 27

Logo of Saudi Networkers Services Co.

Saudi Networkers Services Co.’s shareholders are set to vote on the board’s recommendation to transfer the statutory reserve balance of SAR 11.21 million, as of Dec. 31, 2023, to the retained earnings balance of SAR 44.05 million as of June 30, 2024.

In a statement to Tadawul, the company said that the decision will be made during the extraordinary general meeting (EGM) that will be held on Oct. 27.

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Meanwhile, shareholders will vote on several other items included in the meeting’s agenda.