Shmoh Almadi shareholders OK SAR 2.7M reserve transfer to retained earnings

22/06/2025 Argaam
Logo ofShmoh AlMadi Co.

Logo of Shmoh AlMadi Co.

Shmoh Almadi Co.'s shareholders approved the transfer of SAR 2.7 million from the statutory reserve to retained earnings, based on the company’s 2024 financial statements, the company said in a statement to Tadawul.

 

The approval was granted during the extraordinary general meeting held on June 19.

 

For more news on listed companies

 

The board of directors was also authorized to distribute interim dividends to shareholders on a semiannual or quarterly basis for 2025.

 

In addition, shareholders approved other agenda items.

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