Almuneef’s board recommends transferring SAR 4.1M reserve to retained earnings

04/04/2024 Argaam
Logo ofAlmuneef Co. for Trade, Industry, Agriculture and Contracting

Logo of Almuneef Co. for Trade, Industry, Agriculture and Contracting

Almuneef Co. for Trade, Industry, Agriculture and Contracting’s board of directors recommended on April 3 the transfer of the statutory reserve balance, amounting to SAR 4.11 million, to retained earnings.

 

In a statement to Tadawul, the company said the statutory reserve balance is as reported in the financial statements for the period ended on Dec. 31, 2023.

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