Electrical Industries EGM to vote on SAR 62.2M reserve transfer to retained earnings on April 28

03/04/2024 Argaam
Logo ofElectrical Industries Co. (EIC)

Logo of Electrical Industries Co. (EIC)

Electrical Industries Co.’s (EIC) shareholders will vote on transferring its statutory reserve, amounting to SAR 62.17 million as shown in the financial statements of 2023, to retained earnings, during the extraordinary general meeting (EGM) to be held on April 28.

 

Shareholders will also vote on authorizing the board of directors to distribute semi-annual or quarterly interim dividends for 2024.

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