Qomel board OKs transfer of SAR 2.3M to retained earnings

11/09/2024 Argaam
Logo ofQomel Co.

Logo of Qomel Co.

Qomel Co.’s board of directors recommended, on Sept. 10, to transfer the statutory reserve balance amounting to SAR 2.27 million to the retained earnings account, according to a statement to Tadawul.

 

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The statutory reserve is based on the semi-annual financial statements ended on June 30, 2024, the statement added.

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