Tadawul Group OKs transfer of SAR 360M statutory reserve to retained earnings

14/12/2023 Argaam
Logo ofSaudi Tadawul Group Holding Co.(

Logo of Saudi Tadawul Group Holding Co. (Tadawul Group)

Saudi Tadawul Group Holding Co.’s (Tadawul Group) shareholders approved several agenda items, including transferring the statutory reserve of SAR 360 million, as per financial statements for 2022, to retained earnings, during the extraordinary general meeting (EGM) held on Dec. 13. 

 

They also approved amending the company’s bylaws in accordance with the new Companies Law and other provisions, according to a statement to Tadawul. 

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