Zoujaj to transfer SAR 98.7M statutory reserve to retained earnings

02/06/2025 Argaam
Logo ofNational Company for Glass Industries (Zoujaj)

Logo of National Company for Glass Industries (Zoujaj)

The National Company for Glass Industries’ (Zoujaj) shareholders approved the transfer of the statutory reserve amounting to SAR 98.7 million, based on 2024 financial statements, to the retained earnings, according to a statement to Tadawul.

 

 

This came during the extraordinary general meeting (EGM) held on June 1, the statement added.

 

Shareholders further authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2025.

 

The company paid cash dividends at 15% of capital, or SAR 1.5 a share, for 2024, data compiled by Argaam showed.

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