Herfy’s shareholders approve transfer of SAR 101.8 million to retained earnings

20/11/2023 Argaam
Logo ofHerfy Food Services Co.

Logo of Herfy Food Services Co.

Herfy Food Services Co.’s shareholders approved the transfer of SAR 101.76 million from statutory reserve balance to retained earnings as in the financial statement for the year ended on Dec. 31, 2022, during the extraordinary general meeting (EGM) held on Nov. 19, according to a statement to Tadawul.

 

In addition, shareholders also approved all other items on the agenda, including amending the remuneration policy for the board of directors, committees, and executive management.

 

They also agreed to amend a number of articles of the company’s bylaws.

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