Obeikan Glass board recommends transferring SAR 43.6M to retained earnings

19/12/2024 Argaam
Logo ofObeikan Glass Co.

Logo of Obeikan Glass Co.

Obeikan Glass Co.’s board of directors recommended on Dec. 18 transferring the statutory reserve balance amounting to SAR 43.63 million to the retained earnings, according to a statement to Tadawul.

 

The statutory reserve is based on the condensed consolidated interim financial statements for the three-month and nine-month periods ended on Sept. 30, 2024, the statement added.

 

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