Halwani Bros to vote on SAR 107M reserve transfer to retained earnings on June 25

Logo of Halwani Bros Co.

Halwani Bros Co.’s shareholders will vote on transferring the statutory reserve of SAR 106.71 million as of Dec. 31, 2023, to the retained earnings account during the extraordinary general meeting (EGM) to be held on June 25.

 

They will also vote on authorizing the board of directors to distribute interim dividends to shareholders semi-annually or quarterly for 2024, the company said in a statement on Tadawul.

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