SAPTCO to vote on utilizing SAR 22.1 mln in reserve to offset accumulated losses on April 26

01/04/2021 Argaam

Logo of SAPTCO

Saudi Public Transport Co.’s (SAPTCO) shareholders will vote on utilizing SAR 22.06 million in consensual reserve to offset accumulated losses, equivalent to 1.76% of the capital, and transferring SAR 20.66 million in reserve to retained earnings, according to a bourse filing.

 

This will take place during the company’s ordinary general meeting (OGM) slated for April 26, 2021.

 

Shareholders will also vote on paying SAR 1.35 million in board remuneration, in addition to the board’s recommendation to freeze dividend for 2020.

 

In February, SAPTCO's board of directors recommended withholding cash dividend for 2020, Argaam reported.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.