Horizon Educational plans SAR 3.5M statutory reserve transfer to retained earnings

17/09/2025 Argaam
Logo of Horizon Educational Co.

Logo of Horizon Educational Co.

Horizon Educational Co.’s board of directors recommended today, Sept. 17, that the extraordinary general meeting (EGM) approve the transfer of the company’s statutory reserve to the retained earnings balance.

 

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In a statement to Tadawul, the company said that its statutory reserve amounts to nearly SAR 3.53 million as per the annual financial statements ended June 30, 2025.

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