AICTEC board recommends transferring SAR 2.5M to retained earnings

02/12/2024 Argaam
Logo ofAdvance International Company for Communication and Information Technology (AICTEC)

Logo of Advance International Company for Communication and Information Technology (AICTEC)

The board of Advanced International Company for Communication and Information Technology (AICTEC) recommended today, December 2, transferring the company’s statutory reserve balance of SAR 2.5 million, as per H1 2024 financial statements, to retained earnings.

 

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The recommendation is pending the approval of the company’s extraordinary general assembly, according to a statement to Tadawul.

 

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