Zoujaj EGM votes June 1 on transferring SAR 98.7M reserve to retained earnings

Logo of National Company for Glass Industries (Zoujaj)

The National Company for Glass Industries’ (Zoujaj) shareholders are set to vote on the transfer of the statutory reserve balance of SAR 98.7 million as of Dec. 31, 2024, to the retained earnings account, during an extraordinary general meeting (EGM) slated for June 1.

 

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The company said in a statement on Tadawul that shareholders will also decide on delegating the board of directors to distribute interim cash dividends for 2025 on a semi-annual or quarterly basis.

 

Meanwhile, shareholders will vote on disbursing SAR 1.6 million as remuneration for the board members for 2024.

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