Halwani Bros OKs SAR 106.1M reserve transfer to retained earnings

  • HB(1.83%)
26/06/2024 Argaam
Logo ofHalwani Bros Co.

Logo of Halwani Bros Co.

Halwani Bros Co.’s shareholders approved transferring the statutory reserve of SAR 106.07 million as of Dec. 31, 2023, to the retained earnings account, during the extraordinary general meeting (EGM) held on June 25.

 

They also authorized the board of directors to distribute interim dividends to shareholders semi-annually or quarterly for 2024, the company said in a statement on Tadawul.

 

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