Al Abdullatif shareholders OK transferring SAR 241.4M to retained earnings

31/12/2023 Argaam
Headquarters of Al Abdullatif Industrial Investment Co.

Headquarters of Al Abdullatif Industrial Investment Co.

Shareholders of Al Abdullatif Industrial Investment Co. approved transferring SAR 241.43 million statutory reserve, as of Dec. 31, 2022, to retained earnings in the extraordinary general meeting (EGM) held on Dec. 28.

 

They also gave the go-ahead for amending the company’s bylaws in line with the new Companies Law, Al Abdullatif said in a statement to Tadawul.

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