MESC board proposes transferring SAR 29M to retained earnings

13/06/2024 Argaam
Logo ofMiddle East Specialized Cables Co. (MESC)

Logo of Middle East Specialized Cables Co. (MESC)

Middle East Specialized Cables Co.’s (MESC) board of directors recommended today, June 13, transferring the company's entire statutory reserve to retained earnings, according to a statement on Tadawul.

 

The statutory reserve amounts to SAR 28.99 million as of Dec. 31, 2023.

 

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