SMC board recommends full transfer of statutory reserve to retained earnings

29/07/2025 Argaam
Logo ofSpecialized Medical Co.’s (

Logo of Specialized Medical Co.’s (SMC)

Specialized Medical Co.’s (SMC) board of directors recommended today, July 29, the transfer of the entire statutory reserve balance to retained earnings.

 

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In a statement to Tadawul, the company said the statutory reserve amounts to SAR 49.65 million, as reported in the audited annual consolidated financial statements for 2024, and the audited interim financial statements for Q2 2025.

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