Waja OKs SAR 3.9M reserve transfer to retained earnings

27/05/2025 Argaam
Logo ofWaja Co.

Logo of Waja Co.

Waja Co.’s shareholders approved the transfer of the statutory reserve of SAR 3.9 million, as per financial statements for 2024, to the retained earnings balance, according to a statement to Tadawul.

 

Shareholders further authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2025, during the extraordinary general meeting (EGM) held on May 26, the statement added.

 

For more news on listed companies

 

The board of directors proposed in March to transfer the statutory reserve of SAR 3.9 million to the retained profit as per 2024 financial statements.

 

Waja has not paid cash dividends since its listing on Nomu in March 2023.

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