Jabal Omar EGM OKs SAR 108.5M statutory reserve transfer to retained earnings

Logo of Jabal Omar Development Co.

Jabal Omar Development Co.’s shareholders approved the transfer of the statutory reserve balance of SAR 108.5 million, as per the 2024 financial statements, to retained earnings during the extraordinary general meeting (EGM) held on May 20.

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Shareholders also approved the remaining items on the agenda during the EGM, according to a Tadawul statement.