Shmoh Almadi plans to transfer SAR 2.7M statutory reserve to retained earnings

23/04/2025 ِArgaam
Logo ofShmoh Almadi Co.

Logo of Shmoh Almadi Co.


Shmoh Almadi Co.’s board of directors recommended on April 22 the transfer of the company’s statutory reserve to the retained earnings balance.

 

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The statutory reserve amounts to SAR 2.7 million as per annual financial statements ended Dec. 31, 2024, Shmoh Almadi said in a statement to Tadawul.

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