TAM board proposes transfer of statutory reserve to retained earnings

27/03/2024 Argaam
Logo ofTAM Development Co.

Logo of TAM Development Co.

TAM Development Co.’s board of directors recommended today, March 27, transferring the company's entire statutory and other reserves to retained earnings.

 

The statutory reserve amounts to SAR 6.32 million, and other reserves total SAR 3.08 million, according to a statement on Tadawul.

 

The board took the decision today, March 27, the statement added.

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