Alandalus Property board recommends transfer of SAR 100.6M statutory reserve to retained earnings

10:25 AM (Mecca time) Argaam
Alandalus Property Co.headquarters

Alandalus Property Co. headquarters

Alandalus Property Co.’s board of directors recommended on Oct. 8 the transfer of the entire statutory reserve balance to the retained earnings.

 

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According to a statement to Tadawul, the statutory reserve balance amounts to SAR 100.6 million, as of the financial statements for the period ended Dec. 31, 2023.

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