Al Mohafaza for Education proposes transfer of SAR 1.2M to retained earnings

06/10/2024 Argaam
Logo of Al Mohafaza Company for Education

Logo of Al Mohafaza Company for Education

Al Mohafaza Company for Education's board of directors recommended, on Oct. 6, to transfer the statutory reserve balance amounting to SAR 1.24 million to the retained earnings account, according to a statement to Tadawul.

 

The statutory reserve is based on the annual financial statements for the period ended on July 31, 2024, the statement added.

 

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