Saudi Kayan to transfer SAR 288.5M statutory reserve to retained earnings

26/03/2025 Argaam
Saudi Kayan Petrochemical Co.headquarters

Saudi Kayan Petrochemical Co. headquarters

Saudi Kayan Petrochemical Co.’s shareholders approved transferring the statutory reserve balance amounting to SAR 288.5 million, as in financial reports for 2024, to the retained earnings account.

 

The decision came during the extraordinary general meeting (EGM) held on March 25, according to a statement to Tadawul.

 

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The board of directors were also discharged from liability for the same year, the statement added.

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