Al Rasheed EGM to vote on transfer of SAR 13.7M to retained earnings on Sept. 29

08/09/2024 Argaam
Logo ofMohammed Hadi Al Rasheed Partners Co.

Logo of Mohammed Hadi Al Rasheed & Partners Co.

Mohammed Hadi Al Rasheed & Partners Co.'s shareholders will vote on transferring SAR 13.69 million in statutory reserve (as of Dec. 31, 2023) to the retained earnings balance amounting to SAR 76.5 million as of June 30, 2024, during an extraordinary general meeting (EGM) to be held on Sept. 29.

 

Shareholders will also vote on electing board members for the upcoming four-year term ending on Oct. 6, 2028, according to a Tadawul filing today, Sept. 8.

 

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Moreover, they will vote on amending the company's bylaws related to stock trading, as well as deleting Article (14) related to the shareholders' register and deleting Article (42) related to issuing general assembly decisions by circulation.

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