Elm EGM to vote on transferring SAR 174.7M to retained earnings on May 1

04/04/2024 Argaam
Elm Co. building

Elm Co. building

Shareholders of Elm Co. will vote on transferring the company’s statutory reserve as of Dec. 31, 2023, amounting to SAR 174.71 million, to the retained earnings account during an extraordinary general meeting (EGM) scheduled for May 1.

 

They will also vote on authorizing the board to distribute dividends on a quarterly or semi-annual basis, the company said in a statement to Tadawul.

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