Qassim Cement to restate 2014 financials on new retained earnings

26/03/2015 Argaam
 
Qassim Cement Co. said on Thursday that it will restate last year’s financial results after the general assembly meeting decided to transfer SAR 226 million from its general reserves account to retained earnings. 
 
The transfer will start in the first quarter of this year. Restated financials will be recognized later on, the company said in a statement.  

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