Chemanol seeks to transfer SAR 89.2M reserve to retained earnings

03/04/2025 Argaam
Logo ofMethanol Chemicals Co. (Chemanol)

Logo of Methanol Chemicals Co. (Chemanol) 

Methanol Chemicals Co.’s (Chemanol) board of directors recommended, on March 28, transferring the statutory reserve balance of SAR 89.2 million to the retained earnings.

 

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The statutory reserve is based on the annual financial statements ended on Dec. 31, 2024, the statement added.

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