Logo of Saudi Research and Media Group (SRMG)
Shareholders of Saudi Research and Media Group (SRMG) approved suspending the transfer of 10% of net profit to the statutory reserve starting from Q1 2022, during the ordinary general meeting (OGM) held on May 19.
SRMG cited that the statutory reserves stood at 36.7% of the group’s capital as of Dec. 31, 2021, according to a statement to Tadawul.
The shareholders also approved other items on the meeting agenda.
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