Miral OKs transfer of SAR 3.3M statutory reserve to retained earnings

17/06/2025 Argaam
Logo ofMiral Dental Clinics Co.

Logo of Miral Dental Clinics Co.

Miral Dental Clinics Co.’s shareholders approved the transfer of the statutory reserve balance of SAR 3.3 million, as per the annual financial statements for 2024, to retained earnings.

 

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The decision came during the extraordinary general meeting (EGM) held on June 16, according to a statement to Tadawul.

 

Shareholders further approved other agenda items, including authorizing the board to distribute interim dividends on a semi-annual or quarterly basis for 2025.

 

Business contracts concluded with CEO and Managing Director Sami Abdullah Al-Saeed, in which he has a direct interest, were ratified during the meeting.

 

These transactions, which started in 2024, include SAR 1.3 million worth of commissions and bonuses for 2024. SAR 1.21 million was repaid during the year (payables), with a year-end balance of SAR 54,400 for 2024.

 

These transactions are conducted within the company’s ordinary course of business, under prevailing commercial terms, and without any preferential conditions.

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