Service Equipment proposes moving full statutory reserve to retained earnings

31/08/2025 Argaam
Logo ofService Equipment Co.

Logo of Service Equipment Co.

The board of directors of Service Equipment Co. recommended today, Aug. 31, the transfer of the entire statutory reserve balance amounting to SAR 600,000 as of June 30, 2025, to retained earnings.

 

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The board’s recommendation is subject to the approval of the upcoming extraordinary general meeting (EGM), the company said in a statement to Tadawul.

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