Saudi Top shareholders approve SAR 5.7M reserve transfer

Saudi Top shareholders approve transferring SAR 5.7 million from the statutory reserve to retained earnings.

Saudi Top for Trading Co. said its shareholders approved on June 24 transferring the company’s statutory reserve of SAR 5.7 million, based on its 2025 financial statements, to retained earnings.

 

In a statement to Tadawul, the company said shareholders also authorized the board of directors to distribute interim dividends on a semiannual or quarterly basis during 2026.

 

Shareholders further approved an amendment to Article 4 of the company’s bylaws relating to its business objectives.

 

According to Argaam data, Saudi Top distributed a cash dividend of 30% of capital, or SAR 0.30 per share, for Q1 2025.

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