Mulkia Investment EGM approves SAR 2.5M statutory reserve transfer to retained earnings

09/06/2024 Argaam
Logo ofMulkia Investment Co.

Logo of Mulkia Investment Co.

Shareholders of Mulkia Investment Co. approved transferring the company’s statutory reserve of SAR 2.5 million as of Dec. 31, 2023, to retained earnings.

 

The approval came during the extraordinary general meeting (EGM) held on June 6, according to a statement to Tadawul.

 

In addition, shareholders delegated the board of directors to distribute interim cash dividends for 2024 on a semi-annual or quarterly basis.

 

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