Purity shareholders approve SAR 822,900 statutory reserve transfer

Purity Tech Co.’s shareholders approved the transfer of the statutory reserve balance of SAR 822,900, as reported in the financial statements for the year ended June 30, 2025, to retained earnings.

The decision was made during an extraordinary general meeting (EGM) on Dec. 22.

In a statement to Tadawul, the company said shareholders also approved an amendment to Article 15 of its Articles of Association related to corporate governance, reducing the number of board members from seven to five.

Shareholders further approved an amendment to the company’s commercial registration to include off-the-shelf software activities (No. 582001).

This amendment comes in line with regulatory requirements linked to a tender issued by the Saudi Irrigation Organization (SIO) for the renewal of licenses for engineering and project management software used by the authority and its branches across the Kingdom.