Obeikan Glass EGM OKs SAR 43.6M statutory reserve transfer to retained earnings

Obeikan Glass manufacturing facility

Obeikan Glass Co.’s shareholders approved transferring the statutory reserve of SAR 43.63 million, based on the financial statements as of Sept. 30, 2024, to retained earnings during the extraordinary general meeting (EGM) held on May 28, according to a statement to Tadawul.

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They also approved authorizing the board to pay interim dividends on a semi-annual or quarterly basis for 2025.

The EGM approved all the remaining agenda items, the statement said.